Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

- 40 items to be tested for each control point - risk of assessing control risk too low : 5 percent - tolerable deviation rate

- 40 items to be tested for each control point

- risk of assessing control risk too low : 5 percent

- tolerable deviation rate : 10 percent

- expected population deviation rate : 1 percent

- two errors found for the first control, only one error found for the second control

Calculate the exact sample size based on the information above

Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

The sample size for each control point is calculated as follows N R SDE d ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing a business risk appraoch

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

6th Edition

9780324645095, 324645090, 978-0324375589

More Books

Students also viewed these Accounting questions