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An auditor planning tests of controls species a risk of assessing control risk too low of 10% and a tolerable deviation rate of 5% and
An auditor planning tests of controls species a risk of assessing control risk too low of 10% and a tolerable deviation rate of 5% and expects one deviation. Given these specifications, calculate wha the planned sample size should be: {Use the following table to determine your answer.} Number of factors for sampling risks of: Deviations 10% 5% O 2.4 3.0 1 3.9 .B 2 5.3 6.3 3 6.? 13 Question 3 1 pts An auditor is planning the confirmation of accounts receivable. The total of debit balances in the trial balance of receivables is $1.8 million. The auditor has decided that the tolerable misstatement for this sample is $80 000, the risk of incorrect acceptance is 10% and two errors are expected. There are 8000 customer balances. Given this information, calculate what the estimated sample size should be for this auditor: (Use the following table to determine your answer.) Number of risk of incorrect acceptance: Occurrences 10% 5% 0 2.4 3.0 1 3.9 4.8 2 5.4 6.3 3 6.7 7.8
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