The sampling data sheet below is missing selected information for six attributes involving tests of transactions for the sales and collection cycle. Planned Audit Actual Results
Attributes EPER TER ARO
Initial
Sample
Size
Sample
Size
Number of
Exceptions CUER
Attribute 1 0% 6% 5% 49 50 1 ____
Attribute 2 0% 4% ___ 74 80 0 3.7%
Attribute 3 0.50% 6% 10% 64 ___ 2 7.5%
Attribute 4 0.50% 5% 10% ___ 80 0 2.9%
Attribute 5 1% ___ 10% 55 55 1 6.9%
Attribute 6 1% 6% 5% 78 80 __ 5.8%
a. Use Table 15-8 (p. 519) and Table 15-9 (p. 521) to complete the missing information for each attribute.
b. For which attributes are the sample results unacceptable?
c. Compare attributes 1 and 5. Why does attribute 1 have the smaller sample size?
d. Compare attributes 2 and 4. Why is CUER higher for attribute 2?
