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[DOC File]Pre-audit Tasks - Bradley University
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The formula for the sample size is: Book Value x Reliability Factor Tolerable Misstatement Book Value equals number of dollars in the population. Reliability factor is based on risk of incorrect acceptance.
audit sample size calculator excel

[DOC File]Audit Specifications - Local Gvt
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Required Audit Procedure: If the local government participates in the Virginia Retirement System, select a sample of employees from pay periods throughout the year under audit. For sample size determination reference the AICPA sample design, size, and selection as defined in AU-C section 530 of the AICPA Professional Standards.
audit sample size calculator

[DOCX File]Chapter 17
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Using the formula in the problem, the auditor would increase sample size by increasing the confidence factor. This has the same effect as specifying a lower acceptable risk of incorrect acceptance (ARIA). c.A systematic sample can be selected based on the number of accounts, or the dollar value of …
audit sample size table

[DOCX File]Microsoft Word - Audit Guide March 1 2021
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Mar 01, 2021 · The sample size is subject to professional judgement, which would include engagement risk assessment considerations. ... that is applicable to the audit year, select a representative sample of schoolsites that have pupils in those grades for the audit year and perform ... Funding Formula, show increases or decreases to the unduplicated pupil ...
sample size calculation formula

[DOCX File]Background - American Institute of Certified Public ...
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As noted in the compliance testing sample size table above, the primary determinant of the appropriate minimum sample size for a particular compliance test is the risk of material noncompliance remaining after considering other audit procedures (for example, risk assessment, controls testing, testing individually important items, substantive ...
determining sample size for audits

[DOC File]CLIENT:
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For substantive testing, us the following formula: (Dollar Value of Remaining Population / Tolerable Misstatement) x Risk Factor from Chart Below. Note: If calculated sample size is too high, consider reducing the remaining population by stratifying it and separately testing individually large amounts. Sample Size _____ Sample Selection Method
formula for determining sample size

[DOC File]www.asq0511.org
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This will allow for a better acceptance range for an audit where the population size might not be known. Table 1. Sample Size Poisson Mean UCL 5 10.51 Binomial 50 0.1 19.88 9.94 100 0.05 10.22 10.22 500 0.01 2.09 10.45 1,000 0.005 1.05 10.47 DECIDING TO AUDIT. The value to using statistics is not the sample size calculation, but how you use the ...
appropriate sample size for audit

[DOCX File]Audit Sampling for Tests of Controls and
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c.Attribute 1 has a lower ARO, which normally would lead to a large sample size. TER-EPER is 6% for both attribute 1 and attribute 3. The sample size for attribute 1 is smaller than the sample size for attribute 3 because the estimated population exception rate is 0% for attribute 1 but 1% for attribute 3.
formula for sample size

[DOC File]Sampling and Sample Size - Columbia University
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In this case the sample size formula is: N = (zα + zβ )2 / (δ/σ) 2. It looks very similar to the two-sample situation, but with two important changes. First, there is no multiplier of “2”. Second, the σ is the standard deviation of the differences within pairs, not the standard deviation of …
audit sample size calculator excel

[DOC File]IFAC HANDBOOK
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6. When designing an audit sample, the auditor shall consider the purpose of the audit procedure and the characteristics of the population from which the sample will be drawn. (Ref: Para. A4-A9) 7. The auditor shall determine a sample size sufficient to reduce sampling risk to an acceptably low level. (Ref: Para. A10-A11) 8.
audit sample size calculator

Audit sample size formula