hard20 pts · first answer countsinternal-controlssampling
Sample rate below, upper limit above
Tolerable deviation rate is 5%. In a sample of 50 you find 2 deviations (4%). Using statistical tables at 95% confidence, the upper deviation limit is about 12%. What do you conclude?
Discussion 0
Join free to post in the discussion.
Related questions
- One person doing everythingAuditor
- Type of control: bank reconciliationAuditor
- Test of controls or substantive testAuditor
- Reporting a significant control deficiencyAuditor
- What a walkthrough isAuditor
- The five COSO componentsAuditor
- Picking the preventive controlAuditor
- Recording sales in the right periodAuditor