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Author Question: When deciding the acceptability of the population, (Read 41 times)

xxxxxxxxxxxx

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on: Aug 21, 2022

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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by xxxxxxxxxxxx on Aug 21, 2022

wangyichun

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Reply #1 on: Aug 21, 2022
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xxxxxxxxxxxx

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

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