The sampling data sheet below is missing selected information for six attributes involving tests of transactions for

Question:

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

Planned Audit Actual Results Initial Sample Sample Size Number of Attributes ЕPER TER ARO Size Exceptions CUER Attribute 1 0% 6% 5% 49 50 1 Attribute 2 0% 4% 74 80 3.7% Attribute 3 0.50% 6% 10% 64 2 7.5% Attribute 4 0.50% 5% 10% 80 2.9% Attribute 5 1%


Required:

a. Use Table 15-8 (p. 519) and Table 15-9 (p. 521) to complete the missing information for each attribute. 

b. For which attributes are the sample results unacceptable? 

c. Compare attributes 1 and 5. Why does attribute 1 have the smaller sample size? 

d. Compare attributes 2 and 4. Why is CUER higher for attribute 2? 


Table 15-8


Table 15-9

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Auditing And Assurance Services An Integrated Approach

ISBN: 9780135176146

17th Edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

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