Sample Results Evaluation.Required:Review each of the following independent sets of conditions. For each condition, calculatethe (1) sample rate of deviation, (2) ULRD, and (3) allowance for sampling risk (n = samplesize, d = deviations, ROO = risk of overreliance). What is your conclusion regarding therelationship of each of these factors to the ULRD based on comparing the ULRD across different combinations of these factors?a. n = 100, d = 8, ROO = 5%.b. n = 100, d = 4, ROO = 5%.c. n = 100, d = 8, ROO = 10%
Sample Results Evaluation.Required:Review each of the following independent sets of conditions. For each condition, calculatethe (1) sample rate of deviation, (2) ULRD, and (3) allowance for sampling risk (n = samplesize, d = deviations, ROO = risk of overreliance). What is your conclusion regarding therelationship of each of these factors to the ULRD based on comparing the ULRD across different combinations of these factors?a. n = 100, d = 8, ROO = 5%.b. n = 100, d = 4, ROO = 5%.c. n = 100, d = 8, ROO = 10%
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
Section: Chapter Questions
Problem 13RQSC
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Sample Results Evaluation.
Required:
Review each of the following independent sets of conditions. For each condition, calculate
the (1) sample rate of deviation, (2) ULRD, and (3) allowance for sampling risk (n = sample
size, d = deviations, ROO = risk of overreliance). What is your conclusion regarding the
relationship of each of these factors to the ULRD based on comparing the ULRD across different combinations of these factors?
a. n = 100, d = 8, ROO = 5%.
b. n = 100, d = 4, ROO = 5%.
c. n = 100, d = 8, ROO = 10%
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