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Baily cox an audit manager judged that the test of controls

Question: Baily Cox, an audit manager, judged that the test of controls of the company's 50,000 purchase transactions should be based on a tolerable rate of deviation of 6 percent, a risk of overreliance of 5 percent, and an expected population deviation rate of 3 percent. Using AICPA sample size tables, Cox determined that the appropriate sample size in this situation would be

a. 49.

b. 78.

c. 132.

d. 195.

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Accounting Basics: Baily cox an audit manager judged that the test of controls

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Accounting Basics: Baily cox an audit manager judged that the test of controls

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