Identify the observations are as exception.

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Answer 1

Question

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

c.

To determine

Calculate SER for each attribute tested in the population.

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

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Answer 2

Question

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

c.

To determine

Calculate SER for each attribute tested in the population.

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

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Answer 3

Question

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

c.

To determine

Calculate SER for each attribute tested in the population.

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

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Answer 4

Question

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

c.

To determine

Calculate SER for each attribute tested in the population.

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

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Answer 5

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

c.

To determine

Calculate SER for each attribute tested in the population.

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

Answer 6

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

Answer 7

Chapter 15, Problem 34DQP

a.

To determine

Identify the observations are as exception.

Answer 8

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

Answer 9

b.

To determine

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

Answer 10

c.

To determine

Calculate SER for each attribute tested in the population.

Answer 11

c.

To determine

Calculate SER for each attribute tested in the population.

Answer 12

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

Answer 13

d.

To determine

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

Answer 14

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

Answer 15

e.

To determine

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 15 - Prob. 1RQ Ch. 15 - Prob. 2RQ Ch. 15 - Prob. 3RQ Ch. 15 - Prob. 4RQ Ch. 15 - Prob. 5RQ Ch. 15 - Prob. 6RQ Ch. 15 - Prob. 7RQ Ch. 15 - Prob. 8RQ Ch. 15 - Prob. 9RQ Ch. 15 - Prob. 10RQ

Identify the observations are as exception.

Solution Summary: The author explains the reasons for setting up single acceptable TER and EPER for the combined exceptions. Each attribute has a significant difference to the auditor and should be measured separately.

Identify the observations are as exception.

Describe the reasons for setting up of single acceptable TER and EPER for the combined exceptions.

Calculate SER for each attribute tested in the population.

Calculate TER – SER for each attribute and evaluate whether the calculated allowance for sampling risk is sufficiently large agreed the 5% ARO assuming TER is 6% for each attribute.

Identify the appropriate analysis of exceptions for each of the exceptions in the sample, including additional procedures to be performed

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Chapter 15 Solutions