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An audit test to establish the percentage of occurrence of failures to follow a specific internal control procedure is t
Posted: Wed May 11, 2022 10:16 am
by answerhappygod
- An Audit Test To Establish The Percentage Of Occurrence Of Failures To Follow A Specific Internal Control Procedure Is T 1 (70.45 KiB) Viewed 26 times
An audit test to establish the percentage of occurrence of failures to follow a specific internal control procedure is to be undertaken. The auditor decides that the maximum tolerable error rate that is permissible is 5%. (a) What size sample is required to achieve a sample precision of +$2% with 99% confidence? (b) What should be your answer in (a) if the maximum tolerable error rate is 10%? (c) What should be your answer in (a) if the sample precision of +$5% with 99% confidence?