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Question 5 (20 points): 5. Determine the sample size for each of the control procedures shown in the following table (assuming a very large population):
Question 5 (20 points): 5. Determine the sample size for each of the control procedures shown in the following table (assuming a very large population): Parameters Risk of incorrect acceptance Tolerable deviation rate Expected population deviation rate Sample size 1 5% 4% 1% Control Procedure 2 3 5% 10% 5% 7% 2% 3% 4 10% 8% 4% Using the sample sizes determined above and the number of deviations shown here, determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion for each control procedure. Control Procedure Results 1 2 3 4 Number of deviations 0 5 4 3 Sample deviation rate Computed upper deviation rate Auditor's conclusion
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