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Week 3 HomeworkAuditing 1 – 1MBeverly BurtJune 4, 2017Everest UniversityInstructor: Professor BattagliaInstructions:Using a word processing program, write a two-to-three-page response to the following:8-43, Attributes Sampling Results8-45, Attributes Sampling Scenario9-69, Bert Finney, CPA Scenario9-71, KC Enterprises Scenariopg. 1
Week 3 HomeworkProblem 8-43: Practice evaluating the results of attributes sampling by using the tables in Exhibit 8.6 and the following combinations of inputs. Assume the tolerable deviation rate is 12%. For each item labeled a. through f. below, state your interpretation of the result, including the appropriate conclusion about whether the control is operating effectively. For those situations when no deviations are detected in the sample, comment on why the upper limit of deviation is greater than zero. Risk of OverrelianceSample SizeNumber ofDeviationsUpper limit ofDeviations5%20014.0%5%75513.6%5%1501011.1%10%20010.9%10%75512.1%10% 1501010.1%pg. 2