When deciding the acceptability of the population,

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Question 1

In using sampling distribution for attributes, which one of the following must be known to evaluate the sample results?
◦ estimated dollar value of the population
◦ standard exception of the values in the population
◦ actual exception rate of the attribute in the population
◦ sample size

Question 2

When deciding the acceptability of the population,
◦ the methodology for deciding the acceptability of the population for attributes differs from determining the acceptability for nonstatistical sampling.
◦ before the population can be considered acceptable, the CUER determined on the basis of the actual sample results must be less than or equal to TER when both are based on the same ARO.
◦ when the CUER is greater than the TER, the auditor must increase the sample size.
◦ the CUER is compared with the TER in total, not for each attribute.

[wangyichun]

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Excellent

[amcvicar]

Thanks for the timely response, appreciate it