L11 Notes_Part_5 - sampling risk UDR-SDR Auditing Standards...

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Effect on Sample Size of Changing Factors
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Tolerable and Expected Error Once the desired confidence level is established, the sample size is determine largely by how much the tolerable error exceeds expected error. Precision , at the planning stage of audit sampling, is the difference between the expected and tolerable deviation rates. P = TDR - EDR Allowance for
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Unformatted text preview: sampling risk UDR-SDR Auditing Standards Sample deviation (errors) rate (SDR) = number of deviations sample size Upper deviation rate (UDR) considering the extent of deviations, the worst likely population deviation rate OR in other words: the sample deviation rate plus an allowance for sampling error Attribute Sampling Terms...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L11 Notes_Part_5 - sampling risk UDR-SDR Auditing Standards...

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