Question
I NEED THE ANSWER ASAP URGENTLY. PLEASE DON`T TAKE LONGER This is an ACL problem of Auditing and Assurance Services text 15th edition page #
I NEED THE ANSWER ASAP URGENTLY. PLEASE DON`T TAKE LONGER
This is an ACL problem of Auditing and Assurance Services text 15th edition page # 515. Please provide answers. "15-36 (Objective 15-7) This problem requires the use of ACL software, which is included in the CD attached to the text. Information about installing and using ACL and solving this problem can be found in Appendix, pages 830834. You should read all of the reference material, especially the material on sampling, to answer questions a. through e. For this problem, use the accounts receivable transaction file labeled Trans in the Accounts_Receivable_Audit subfolder under tables in Sample_Project. Suggested commands, where applicable, are indicated at the end of the problem requirements.
a. Calculate the sample size and sampling interval for a record sample. Use a confidence level of 90%, upper error limit of 6% (tolerable error rate or precision), and expected error rate of zero. (Sampling/Calculate Sample Size; select Record radio button.)
b. What is the sample size if you increase the confidence level to 95% and do not change the other sampling parameters? What is the sample size if you increase the upper limit to 8%, with a confidence level of 90% and expected error rate of zero?
c. Select the sample based on the sample size determined in part a. (Sampling /Sample Records; select the Record radio button under Sample type. For Sample Parameters select the Random radio button and sample size you determined in part a., use a seed of 5.) Save the file using a naming convention such as AR_trans_sample.
d. What is the invoice number of the largest invoice selected for testing? Does your sampling plan consider invoice amount? (Quick Sort)
e. Assume you found one error in the sample. Without using ACL, will your results be acceptable? Explain. Now use ACL to calculate the upper error frequency. (Sampling/Evaluate Error; input the confidence level, sample size, and one error.)"
please provide the solution ASAP.
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