04 [Marks: 3.5+4=7.5] b) The following information is available regarding the sampling test on purchase. Explain the audit procedure on auditing based on sampling by using the information shown in table below. a) Explain the determinants of sample size in auditing with example. Strata Recorded value Sample value Misstatement Nature of Misstatement Strata I $24,692 $22,486 $2,206 Pricing error Strata 2 183,219 157,216 26,003 Cutoff error Strata 3 7,546 5,546 2000 Timing difference Strata 4 15,319 5000 3500 Timing difference Strata 5 8,397 7,858 539 Error in quantity shipped Total $239,173 $198,106 $34,248