Problem

(Objective 15-7) Assume that the auditor has selected 100 sales invoices from a population...

(Objective 15-7) Assume that the auditor has selected 100 sales invoices from a population of 100,000 to test for an indication of internal verification of pricing and extensions. Determine the CUER at a 10% ARO if four exceptions are found in the sample using attributes sampling. Explain the meaning of the statistical results in auditing terms.

Objective 15-7

Use attributes sampling in tests of controls and substantive tests of transactions.

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