Just 14

14 Computed upper exception rate CUER 8 pt Table Sample size 100 5 percent ARACR Actual number exceptions 3.0 4.7 6.2 10.3 11.5 7.6 9.0 ARACR Population size 3,000 Sample size Number of exceptions 4 100 TER Determine computed upper exception rate CUER using attribute sampling Is this sample acceptable or unacceptable Provide a VERY brief definitive rationale 15 ACCOUNTS PAYABLE ACQUISITIONS and PAYMENT CYCLE 8 pt For each of the following procedures Provide I Type of audit evidence Il Balance related audit objective A Vendor statements are obtained from the controller and reconciled to the listing of accounts payable Acquisitions and cash disbursements journal is examined for the last few days of the year under audit and the first days of the next year, B looking for large or unusual transactions In determining if accounts payable, related parties, and other related properly included on the financial statements, tracing is done from general ledger and supporting documents C assets and liabilities are 14 Computed upper exception rate CUER 8 pt Table Sample size 100 5 percent ARACR Actual number exceptions 3.0 4.7 6.2 10.3 11.5 7.6 9.0 ARACR Population size 3,000 Sample size Number of exceptions 4 100 TER Determine computed upper exception rate CUER using attribute sampling Is this sample acceptable or unacceptable Provide a VERY brief definitive rationale 15 ACCOUNTS PAYABLE ACQUISITIONS and PAYMENT CYCLE 8 pt For each of the following procedures Provide I Type of audit evidence Il Balance related audit objective A Vendor statements are obtained from the controller and reconciled to the listing of accounts payable Acquisitions and cash disbursements journal is examined for the last few days of the year under audit and the first days of the next year, B looking for large or unusual transactions In determining if accounts payable, related parties, and other related properly included on the financial statements, tracing is done from general ledger and supporting documents C assets and liabilities are