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Case 10- Exercise 1
Exhibit 10- 3
Abemethy and Chapman
Sampling for Attributes
client:
year ending:
Audit of testing;
Date of testing:
1)- State the objectives of the audit testing
2)- Define the attribute or attributes to be estimate
3)- Define the population
4)- Define the sampling event
5)-Specify the acceptable risk of assessment control risk too low, and discuss any factors affecting this decision
6)-estimate the exception rate of the population and discuss any factors affecting this decision
7)- specify the tolerable exception rate and discuss any factors affecting this decision
8)- Indicate the sample size, and show the use of the finite correction if applicable
9)- Indicate the method used to draw a random sample
10)- Indicate the number of exception discovered, the rate of exception in the sample, and the computed upper exception rate in the population:
11)- From a quantitative perspective, is the population reliable? ( include the rational for your answer.
12)- Describe the type of exception that were found
13)- Recommendation
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