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Assume that the auditors decided to use audit sampling to test the operating effectiveness of the procedures for matching sales invoices with delivery receipts. Determine

Assume that the auditors decided to use audit sampling to test the operating effectiveness of the procedures for matching sales invoices with delivery receipts. Determine the required sample size, using the following parameters.

Risk of assessing control risk too low-5 percent

Tolerable deviation rate-15 percent

Expected deviation rate-1 percent

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