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Part Il) Explanation and Problems 1. When applying statistical sampling, how does th e auditor...

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Part Il) Explanation and Problems 1. When applying statistical sampling, how does th e auditor decide or determine the following: 1. Expected population deviation rate 2. Sampling unit 3. Risk of incorrect acceptance (beta) 4. Risk of assessing the control risk too low (over reliance) 5. Tolerable deviation rate (desired/estimate) 2. Determine sample sizes for each of the following situations. Risk of assessing control risk too low Estimated deviation rate Tolerable deviation rate Sample size 10% 1.0% 4% 10% 2.0% 6% 1096 1.5% 5%

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