Please refer to problem F.60 in your textbook.

Jule Phillips is examining the internal control of Cowboy Company andhas identified the mathematical verification of sales invoices as animportant control and decided to test this control. Based on adiscussion with Cowboy's management, Phillips determined that CowboyCompany's employees were required to indicate their compliance with thiscontrol by writing their initials in an appropriate place on theinvoice copy.

Assume that Phillips established an acceptable risk of overrelianceof 5 percent, an expected population deviation rate of 3 percent, and atolerable rate of deviation of 9 percent.

Required:

1. Using AICPA sample size tables in the back of your textbook, determine the appropriate sample size.
2. Indicate how Phillips would assess the three parameters that areused to determine sample size (risk of overreliance, expected populationdeviation rate, and tolerable rate of deviation).
3. Use the original parameters but now assume that Phillips is willingto increase the acceptable risk of overreliance to 10 percent. UsingAICPA sample size tables in the back of your textbook, determine the newsample size to examine.
4. Provide an explanation for the change in sample size noted in part (c).

Your written response paper should be 3-4 pages in length.Please type your response in a Word document and follow APA format,according to CSU-Global Guide to Writing and APA.Include a title page and reference page. Use two (2) outside academicsources other than the textbook, course materials, or other informationprovided as part of the course materials.