AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
Question
Book Icon
Chapter 15, Problem 31DQP

a.

To determine

Determine the appropriate non-statistical sample size for columns 2 to 7 and its impact on the factors ARO, TER, EPER and population size compared with column 1.

b.

To determine

Determining the initial sample size needed to satisfy the auditor’s requirements using attributes sampling.

c.

To determine

Determining the effect on initial sample size when the factors change separately keeping the other factors held to be constant. The factors that change are an increase in ARO, an increase in the TER, an increase in the EPER, and an increase in the population size.

d.

To determine

Identify the reason for the large difference in the sample sizes for columns 3 and 6.

e.

To determine

Identify the factor which appears to have the greatest effect on the initial sample size and one that appears to have the least effect among the four factors by comparing the results of part c with part a or part b.

f.

To determine

Explain the reason of calling the sample size as the initial sample size.

Blurred answer
Students have asked these similar questions
Please provide answer this financial accounting question not use ai please don't
Comute the account receivable turnover
What is the company's net operating income?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning