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What are the answers for this question please? screenshots, I am not sure about how to solve and I need explanation if you are able.

What are the answers for this question please?


screenshots, I am not sure about how to solve and I need explanation if you are able.


image text in transcribedimage text in transcribed You have been asked to test the effectiveness of lngo Corporation's control of manually approving all purchases over $25,000. Duringthe year, Ingo Corporation has made 1,000,000 purchases, of which 3,000 were over $25,000. Jian Zhang, CPA, your supervisor,asked you to use a tolerable deviation rate of 8 percent (although she expects the rate to be only approximately 0.50 percent) and a 5percent risk of assessing control risk too low. Use the following to determine the planned assessed level of control risk and the assessed level of control risk. Tolerable Deviation(Planned) Assessed Level of Control Risk RateLow 2—7%Moderate 6—123Slightly below the maximum 11—20%Maximum Over 20% a. What is the planned assessed level of control risk? 0 Moderate A Low A Slightly below the maximum A Maximum b. Determine the appropriate sample size and allowable number of deviations using figure 9.4. b . Determine the appropriate sample size and allowable number of deviations using Figure 9.4 .Sample size*117 itemsAllowable number of deviations*3C . Use Figure 9.5 to determine the achieved upper deviation rate and the above table to determine the assessed level of control riskunder the following circumstances . Assume that the sample size was 55 items . ( Round your answers to 1 decimal place . )CircumstanceAchieved UpperAssessed Level ofDeviation RateControl RiskNo deviations were included in the sample .3. 0 | %LOWOne deviation is included in the sample*6. 2 | %LOWFour deviations were included in the sample .10. 3| %|Moderate*

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