The following are auditor judgments and audit sampling results for six populations. Assume large population

REQUIRED

a. For each population, did the auditor select a smaller sample size than is indicated by using attribute sampling tables for determining sample size? Evaluate, selecting either a larger or smaller size than those determined in the tables.

b. Calculate the SER and CUER for each population.

c. For which of the six populations should the sample results be considered unacceptable? What options are available to the auditor?

d. Why is analysis of the exceptions necessary even when the populations are considered acceptable?

e. For the following terms, identify which is an audit decision, a non-statistical estimate made by the auditor, a sample result, or a statistical conclusion about the population:

1. EPER.

2. TER.

3. ARACR.

4. Actual sample size.

5. Actual number of exceptions in the sample.

6. SER.

7. CUER.

1 3 4 5 6. EPER (in percentage) 2 TER (in percentage) 6 ARACR Actual sample size Actual 3 1 1 8 8 20 15 (in5 5 10 5 10 10 100 100 60 100 20 60 number of2 1 4 exceptions in the 2.