Question
You are a staff auditor who has been assigned the task of testing controls related to salary expense. You are making a statistical sample of
You are a staff auditor who has been assigned the task of testing controls related to salary expense. You are making a statistical sample of payments to be tested. Some relevant information is provided to you by your senior and is as follows: -- Tolerable deviation/exception rate: 15% -- Acceptable Risk of Overreliance: 5% -- Estimated population deviation/exception rate: 0.5% Click the word "tables" to access the tables to answer this question: TABLES (If the link doesn't work you can use the tables on pages 360 and 363 in the book.)
Determine the minimum sample size based on the above parameters (2 marks)
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