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State the relationship between each of the following:a. ARACR and sample size.
b. Population size and sample size.
c. TER and sample size.
d. EPER and sample size.
Question 1: What is meant by an attribute in sampling for tests of controls and substantive tests of transactions? What is the source of the attributes that the auditor selects?
Question 2: If all other factors specified in a sampling plan remain constant, changing the ARACR from 5% to 10% will cause the required sample size to
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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