Scribd
Upload
65 views4 pages

Audit Sampling Techniques Explained

This document discusses auditing techniques related to audit sampling. It covers topics such as selective testing, audit sampling, attributes sampling, stratified sampling, discovery sampling, and value-weighted sampling. The key points are: 1. Audit sampling involves applying procedures to less than 100% of items to evaluate characteristics of selected items and form an opinion about all items. 2. Auditing sampling is appropriate for substantive tests when tests of details are performed. 3. Auditing sampling for tests of controls is generally appropriate when control leaves evidence of performance. 4. Principal methods of sampling selection include random number, systematic, but not statistical.

Uploaded by

Tk Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
65 views4 pages

Audit Sampling Techniques Explained

This document discusses auditing techniques related to audit sampling. It covers topics such as selective testing, audit sampling, attributes sampling, stratified sampling, discovery sampling, and value-weighted sampling. The key points are: 1. Audit sampling involves applying procedures to less than 100% of items to evaluate characteristics of selected items and form an opinion about all items. 2. Auditing sampling is appropriate for substantive tests when tests of details are performed. 3. Auditing sampling for tests of controls is generally appropriate when control leaves evidence of performance. 4. Principal methods of sampling selection include random number, systematic, but not statistical.

Uploaded by

Tk Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

CHAPTER8

1.Thisinvolvestheapplicationoftheprocedurestolessthan100% oftheitemswithinan
[Link]
auditevidenceaboutsomecharacteristicsoftheselecteditemsinordertoform an
opinion aboutthe characteristics ofallitems supporting an accountbalance or
transactionclass.
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
c.100%ofthetransactionsistestedA
U
D
I
T
I
N
G
T
H
E
O
R
Y
M
C
Q
B
Y
S
A
L
O
S
A
G
C
O
L
[Link]
[Link],thegroupofitemsaboutwhichtheauditorwantstoestimate
somecharacteristiciscalledthe
[Link]
[Link]
[Link]
[Link]
[Link]-samplingerroroccurwhentheaudittestsdonotuncoverexistingexceptionsinthe
[Link]
[Link]
[Link]
[Link]
[Link]
[Link] &nonrandom
[Link]&nonstatistical
[Link]&reliability
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link] A
U
D
I
T
I
N
G
T
H
E
O
R
Y
M
C
Q
B
Y
S
A
L
O
S
A
G
C
O
L
[Link]
[Link] number
[Link]
[Link]
[Link]
constitutingthesampleisa
[Link]
[Link] sample
[Link]
[Link]
[Link] selectstheitems
basedonthesizeoftheintervalis
[Link]
[Link]
[Link] selection
[Link]
[Link]
moresub-populationis
[Link]
[Link]
[Link]
[Link]
U
D
I
T
I
N
G
T
H
E
O
R
Y
M
C
Q
B
Y
S
A
L
O
S
A
G
C
O
L
[Link],thedetermination
ofasamplesizesufficienttoincludeatleastonesuchexceptionisacharacteristicof
[Link]
[Link] sampling
[Link]
[Link]-unitsampling
[Link]
testsofcontrols?
[Link]
[Link]-weightedsampling
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]
[Link]

You might also like