Chapter 08 Problem 8-26 LO 8-6 Use the sample sizes and the number of deviations determined below. Parameters Risk of incorrect acceptance Tolerable deviation rate Expected population deviation rate Sample size (using tables) Sample size (using IDEA) Results Number of deviations Sample size Sample deviation rate Computed upper deviation rate using Tables 1-Sided upper limit using IDEA Auditor's conclusion 1 5% 4% 18 156 156 Does support 0 156 Control Procedure 2 00 5% 5% 2% 00% 2.00 % 0.00% 181 181 3 Determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion (ie, testing results do or do not support operating effectiveness of the control) for each control procedure. (For Results, use Table 8-8 & Table 8-9 or IDEA) Note: Round your rates values to 1 decimal place. 10% 7% 3% 94 94 2 Does not support 4 5 181 O 2.8 % 18% 6.90% 0.00% 8% 4% 98 98 Control Procedure 3 4 94 43% 8.76 % 0.00% Does not support Does support 3 980 3.10 % 7.3 00000 0.00%
Chapter 08 Problem 8-26 LO 8-6 Use the sample sizes and the number of deviations determined below. Parameters Risk of incorrect acceptance Tolerable deviation rate Expected population deviation rate Sample size (using tables) Sample size (using IDEA) Results Number of deviations Sample size Sample deviation rate Computed upper deviation rate using Tables 1-Sided upper limit using IDEA Auditor's conclusion 1 5% 4% 18 156 156 Does support 0 156 Control Procedure 2 00 5% 5% 2% 00% 2.00 % 0.00% 181 181 3 Determine the sample deviation rate, the computed upper deviation rate, and the auditor's conclusion (ie, testing results do or do not support operating effectiveness of the control) for each control procedure. (For Results, use Table 8-8 & Table 8-9 or IDEA) Note: Round your rates values to 1 decimal place. 10% 7% 3% 94 94 2 Does not support 4 5 181 O 2.8 % 18% 6.90% 0.00% 8% 4% 98 98 Control Procedure 3 4 94 43% 8.76 % 0.00% Does not support Does support 3 980 3.10 % 7.3 00000 0.00%
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.15P
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