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In this mini-case you will statistically evaluate the tests of controls on accounts payable for the 2014
audit of EarthWear Clothiers, Inc.
INSTRUCTIONS:
Use ACL to compute (1) the Sample Size for each control activity and (2) the Upper Deviation Rate for
the sample results provided on Work Paper 8-1. Record the results from ACL in the fields on Work
Paper 8-1 indicated in yellow. For control activities where the results are rejected, please describe any
necessary changes to the audit plan. Please refer to Chapter 8 of the textbook for instructions on
using ACL.
Fields you are to complete on work papers are colored yellow. The color will disappear when the field is completed.
When you have completed the work paper, enter your initials in the yellow box in the upper right-hand
corner of Work Paper 8-1 (box indicates "Initial Here").
Please print a hard copy of Work Paper 8-1 to submit unless your instructor requests an electronic
submission. The work paper is formatted to fit on one page.
Name:
Class:
EARTHWEAR CLOTHIERS
Control Activities Testing - Sampling and Evaluation Sheet: Accounts Payable
December 31, 2014
8-1
Initial Here
3/30/2015
Desired
Confidence
Level
Population
Tolerable
Deviation
Rate (%)
Expected
Population
Deviation
Rate (%) Sample Size
90%
2,147
5%
1%
Enter Here
90%
2,147
10%
4%
Enter Here
90%
2,147
10%
1%
Enter Here
90%
2,147
5%
1%
Enter Here
90%
2,147
10%
Enter Here
1%
Sample Size Used
0
Desired
Confidence
Level
Sample
Size
Number of
Deviations
Computed
Upper
Deviation
Rate (%)
90%
Enter Here
90%
Enter Here
90%
Enter Here
90%
Enter Here
90%
Enter Here
Accept/
Reject