Marquette University
ACCO 4170
Oceanview Marine Company Statistical Attributes Sampling Data Sheet: Sales December 31, 2018 Define the objective: Evaluation of internal controls and the accounting system for sales. Define the population precisely: Sales transactions that occurred between Jan. 1, 2018 and Dec. 31, 2018, inclusive. Define the sampling unit, organization of popu
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Oceanview Marine Company Statistical Attributes Sampling Data Sheet: Sales December 31, 2018 Define the objective: Evaluation of internal controls and the accounting system for sales. Define the population precisely: Sales transactions that occurred between Jan. 1, 2018 and Dec. 31, 2018, inclusive. Define the sampling unit, organization of population items, and random selection procedures: Sales transactions as identified by sales invoice number, recorded sequentially in the sales journal. Computer-generated random sample. Computer-generated random sample. EPER TER ARO Sample Size Sample Size Number of Exceptions CUER 1. Proper approval of customer credit information. (E) 1.50 8 10 48 50 2 10.3 2. Goods have been shipped to customer. (E) 0.00 5 10 45 50 0 4.6 3. Amount recorded in journal agrees with invoice total. (A) 0.00 7 10 32 50 0 4.6 4. Footings and extensions on the sales invoice are correct. (A) 0.50 8 10 48 50 0 4.6 5. Price(s) per unit on invoice agree with approved price list. (A) 1.00 8 10 48 50 0 4.6
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