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Lone Ranger company owns 80 An auditor...

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Accounting

Lone Ranger company owns 80
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An auditor is examining a client's voucher system. Last year's audit revealed an error rate of 2.5% when checking invoices for agreement with receiving reports. The auditor is willing to accept an error rate of 6% with a reliability of 95%. I) Determine sample size (a)- 2) Assuming the auditor finds 5 errors in the sample, should the results be accepted as meeting the auditor's specifications. 3) 1rthe auditor rejects the sample in #2 what should the auditor do as follow-up An auditor is examining a client's voucher system. Last year's audit revealed an error rate of 2.5% when checking invoices for agreement with receiving reports. The auditor is willing to accept an error rate of 6% with a reliability of 95%. I) Determine sample size (a)- 2) Assuming the auditor finds 5 errors in the sample, should the results be accepted as meeting the auditor's specifications. 3) 1rthe auditor rejects the sample in #2 what should the auditor do as follow-up

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