Hello I would like answering these questions please. I included the tables incase they were needed to help solve the question. Please let me know if you need anything other information. Should be 7 questions that need answers. Thank you for the help!

Q1: Allowance for Sampling Risk An auditor desired to test credit approval on 10,000 sales invoices processed during the year. The auditor designed a statistical sample that would provide 1 percent risk of assessing control risk too low for the assertion that not more than 7 percent of the sales invoices lacked approval. The auditor estimated from previous experience that about 21/2 percent of the sales invoices lacked approval. A sample of 200 invoices was examined, and 8 of them were lacking approval. The auditor then determined the computed upper deviation rate to be 10 percent. Based on the information above, the planned allowance for sampling risk was: Q2: Sample Size You have a population of 15,000 accounts receivable balances Your desired confidence level is 95%1.96 The estimated standard deviation is $30 The tolerable misstatement is $50,000 The estimated misstatement is $20,000 Question: What's the sample size? Q3: Attribute Sampling You are auditing price controls over accounts receivable for Becker Construction Co. The control being tested requires that the client use only the approved price list when valuing sales invoices. For each test item in the sample, the auditor will compare the price on the invoice with the approved price according to the authorized price list. Risk of assessing control risk too low is set at 10%. The client's book value is $9,325,000 and there are over 8,000 active subsidiary balances. Materiality is set at $215,000. Prior audits have shown that this control test should use an expected population deviation rate of 2% and a tolerable error rate of 6%. Hints: the example I reviewed in the recorded lecture has "Risk of assessing control risk too low is set at 5% with different percentages; you will look up tables with confidence level at 90%. Q1: What population are we testing? Q2: What is the attribute for this test? Q3: What is the sample size? Q4: If there are 3 errors in the sample, what is the achieved upper error limit? Q5: What do we conclude about the operation of this internal control? TABLE 8-5 Statistical Sample Sizes for Attribute Sampling-95 Percent Desired Confidence Level (I.e., 5 Percent Risk of deviations In a sampie or tnat size trat allows tne auditor co conciuae tnat the toleradie aeviation rate Is not exceeaea. 8-8 Statistical Sample Results Evaluation Table (Computed Upper Deviation Rates) for Attribute Sampling-95 Percent Desired Confidence Level