Auditing & Assurance Services (Auditing and Assurance Services)
Auditing & Assurance Services (Auditing and Assurance Services)
7th Edition
ISBN: 9781259573286
Author: Timothy J Louwers, Allen Blay, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
Question
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Chapter G, Problem 66EP

a.

To determine

Determine the sample size using IDEA.

b.

To determine

Define the sampling interval and explain how the sampling interval is arithmetically determined from the sample size and the population size.

c.

To determine

Explain the transactions associated with the sample items selected by the audit team for examination.

d.

To determine

Explain how IDEA extracts sample items from the population of sales transactions.

e.

To determine

Explain whether the monetary unit sampling selects the larger dollar items for examination based on the items selected from the population.

f.

To determine

Explain the reason for number of transactions extracted in requirement (c) which differ from the sample size.

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