Question: The sampling data sheet below is missing selected information for six attributes involving tests of transactions for the sales and collection cycle. a. Use Table

The sampling data sheet below is missing selected information for six attributes involving tests of transactions for the sales and collection cycle.

a. Use Table 15-8 (p. 504) and Table 15-9 (p. 505) to complete the missing information for each attribute.
b. For which attributes are the sample results unacceptable?
c. Compare attributes 1 and 3. Why does attribute 1 have the smaller sample size?
d. Compare attributes 2 and 5. Why is CUER higher for attribute5?

Planned Audit Actual Results Initial Sample Sample Number of Attributes EPER TER ARACR Size Exceptions CUER Size Attribute 1 Attribute 2 Attribute 3 Attribute 4 Attribute 5 Attribute 6 596 10% 10% 596 696 49 50 0.50% 196 196 0% 0.50% 0 78 74 64 2.9% 6.9% 5.8% 3.7% 75% 80 80 496 10%

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