please answer Q2

been asked to test the effectiveness of Ingo Corporation's control of manually approving all You have purchases over $25,000. were over $25,000. Jian Zhang, CPA, your supervisor, asked you to percent (although sh assessing control risk too low. Use the followin the assessed level of control risk During the year, Ingo Corporation has made 1,000,000 purchases, of which 3,000 use a tolerable deviation rate of 4 e expects the rate to be only approximately 1.00 percent) and a 5 percent risk of g to determine the planned assessed level of control risk and (Planned) AssessedTolerable Deviation Level of Control Risk Low Moderate Slightly below the maximum Maximum Rate 2-7% 6-12% 11-20% Over 20% a. What is the planned assessed level of control risk? O Low O Moderate O Slightly below the maximum O Maximum b. Determine the appropriate sample size and allowable number of deviations using Fiaure 9.4 Sample size Allowable number of deviations items