Auditing Accounting

Determine the sample size for each of the control procedures shown in the following table (assuming a very large population): (Fc Sample size, use Table 8-5 \& or IDEA) TABLE85StatisticalSampleSizesforAttributeSampling-95PercentDesired Confidence Level (i.e., 5 Percent Risk of Incorrect Acceptance) "Sample size is too large to be cost-effective for most audit applications. The number in parentheses represents the maximum number of deviations in a sample of that size that allows the auditor to conclude that the tolerable deviation rate is not exceeded. A B L E 86 Statistical Sample Sizes for Attribute Sampling-90 Percent Desired Confidence Level (i.e., 10 Percent Risk of Incorrect Acceptance)* "Sample size is too large to be cost-effective for most audit applications. The number in parentheses represents the maximum number of deviations in a sample of that size that allows the auditor to conclude that the tolerable deviation rate is not exceeded