Question 27, please. It uses the numbers / information from #26. Thank you. Practice calculating the sample size in a MUS sample usingExhibit 8.7, with the following combinations of inputs.8-26LO 6Ratio of ExpectedRatio of TolerableRisk of Incorrectto TolerableMisstatement toAcceptanceMisstatementPopulation (%)Sample Sizeа.5%0.2050%b.10%0.2030%С.15%0.308%d.20%0.305%е.25%0.404%f.30%0.403%g.35%0.502%h.50%0.501%8-27 LO 6(h) in 8-26, assuming a population size of $8,500,000. Recall thatsampling interval = population size sample size. Round the value ofthe interval down to the nearest $1,000 or $10,000 to ensure that thesample size is adequate and is easy for the auditor to select the sample.Calculate the sampling interval for cases (a) throughQ 20

8-27 LO 6 (h) in 8-26, assuming a population size of $8,500,000. Recall that sampling interval = population size ÷ sample size. Round the value of the interval down to the nearest $1,000 or $10,000 to ensure that the sample size is adequate and is easy for the auditor to select the sample. Calculate the sampling interval for cases (a) through O 20

8-27 LO 6 (h) in 8-26, assuming a population size of $8,500,000. Recall that sampling interval = population size ÷ sample size. Round the value of the interval down to the nearest $1,000 or $10,000 to ensure that the sample size is adequate and is easy for the auditor to select the sample. Calculate the sampling interval for cases (a) through O 20

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools

Section: Chapter Questions

Problem 27RQSC

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