Audit sampling: an introduction
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York
Wiley
2002
|
| Edition: | 5. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 269 S. |
| ISBN: | 047137590x |
Staff View
MARC
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Record in the Search Index
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| adam_text | CONTENTS
1 OVERVIEW OF AUDIT SAMPLING 1^
Nonstatistical and Statistical Audit Sampling 2
Types of Statistical Sampling Plans 4
Historical Developments of Statistical Sampling in Auditing 5
What Are the Advantages of Statistical Sampling? 7
The Risk of Sampling 8
What Are Sampling and Nonsampling Errors? 9
Statistical Sampling and Professional Judgment 10
Relationship of Statistical Sampling to Auditing Standards 11
Chapter Organization 13
Case 1 1 Is Sampling Involved? 18
2 SELECTING A REPRESENTATIVE SAMPLE 19
Definition of Random Sample, Population, and Sampling Frame 20
Sampling with or without Replacement 21
Unexamined Sample Items 22
Random Number Tables 22
Using a Random Number Table 23
Computer Generated Random Numbers 27
Systematic Selection 28
Random Systematic Selection 30
Probability Proportional to Size Selection 30
Stratified Selection 32
Haphazard Selection for Nonstatistical Sampling 32
Summary 33
Case 2 1 Selecting a Sample 39
Case 2 2 Adams Supply Company 41
3 ATTRIBUTE SAMPLING 43
Attribute Sampling Plans 44
Attribute Sampling and the Independent Auditor s
Assessment of Control Risk 45
ix
x Contents
Planning Considerations for Test of Controls 49
Attribute and Deviations Conditions 49
Population Definition 50
Judgment in a Statistical Test of Controls 51
Setting Risk of Assessing Control Risk Too Low (Reliability Level) 53
Tolerable Rate (Upper Precision Limit) 54
Fixed Sample Size Attribute Sampling 56
Sequential (Stop or Go) Attribute Sampling 62
Qualitative Analysis in Attribute Sampling Applications 67
Illustrative Attribute Sampling Application 68
Discovery Sampling 70
Relating Attribute Sampling Results to Monetary Misstatement 74
Summary 74
Case 3 1 Millar Company, Inc. 83
Case 3 2 EFT, Inc. 84
Case 3 3 Tech Producers, Inc. 85
Case 3 4 Client, Inc. 85
Case 3 5 Lewis Foot, CPAs 86
Case 3 6 CPE Associates 87
Case 3 7 Taylor Sons, Inc. 87
Case 3 8 Becker Warren 88
Case 3 9 Dalton Stationery, Inc. 89
4 USING VARIABLE SAMPLING
FOR ACCOUNTING ESTIMATION 91_
Precision and Reliability 92
A Review of Selected Statistical Concepts 92
What Is Accounting Estimation? 98
Unstratified Mean Per Unit 99
Steps in Applying Unstratified Mean Per Unit 101
Demonstration of Unstratified Mean Per Unit 104
Stratified Mean Per Unit 105
Steps in Applying Stratified Mean Per Unit 107
Difference Estimation 109
Steps in Applying Unstratified Difference Estimation 112
Ratio Estimation 114
Summary 115
Case 4 1 Empress Cosmetique Case 122
Case 4 2 Stratified Sampling, Inc. 137
Case 4 3 Foot, Tick, Tie, CPAs 137
Case 4 4 Ace Corporation 138
Case 4 5 Catalog Sales 139
Case 4 6 Sunnytime Snack Company 140
Contents xi
5 USING VARIABLE SAMPLING
FOR AUDIT HYPOTHESIS TESTING 143
Sampling Risk and Audit Sampling 144
Audit Risk, Materiality, and Substantive Audit Tests 149
Tolerable Misstatement 153
The Audit Hypothesis Model 158
Demonstration of the Audit Hypothesis Model 167
Proposing a Statistical Adjustment 170
Summary 171
Supplementary Topic: Using Audit Sampling
for Compliance Auditing 171
Case 5 1 Blumenthal, Inc. 183
Case 5 2 Statistical, Inc. 183
Case 5 3 Draper, Inc. 185
Case 5 4 Fairview Publishing Company 186
Case 5 5 Accounts Receivable, Inc. 189
Case 5 6 AHT, Inc. 189
Case 5 7 Smith, Inc. 190
Case 5 8 Microtext Corporation
and Industrial Supply Company 190
6 PROBABILITY PROPORTIONAL
TO SIZE SAMPLING 193
Objectives and Assumptions of PPS Sampling 194
Advantages and Disadvantages of Using PPS Sampling 195
Basic Description of PPS Sampling 196
Evaluation Based on the Poisson Probability Distribution 197
PPS Sampling for Overstatements 201
Sampling Risk and PPS Sampling 204
Determining Tolerable Misstatement Using PPS Sampling 205
Determining the PPS Sample Size 206
PPS Sampling for Overstatements and Understatements 207
PPS Sampling for Attributes 208
Summary 208
Case 6 1 Clip Joint, Inc. 214
Case 6 2 Roll Tide 214
Case 6 3 Wagner s Appliance Company 215
Case 6 4 Bell Tyler, Inc. 216
Case 6 5 Carter Warren, Inc. 216
xJi Contents
7 NONSTATIST1CAL AUDIT SAMPLING 219
How Does Statistical Sampling Differ from Nonstatistical
Sampling? 220
Why Use Nonstatistical Audit Sampling? 222
What Is a Formal Nonstatistical Sampling Plan? 223
Why Use a Formal Nonstatistical Sampling Approach? 224
Illustration of a Formal Approach to Nonstatistical Sampling 225
Use of Nonstatistical Sampling for Tests of Controls 233
Summary 233
Case 7 1 Nonstatistical, Inc. 236
Case 7 2 Landi Corporation 236
Case 7 3 Ryan Corporation 237
Appendix A: Calculation Worksheets 239
Appendix B: List of Equations 245
Appendix C: SAS No. 39—
Audit Sampling (AU 350 As Amended) 249
Appendix D: Audit Sampling:
Auditing Interpretations of Section 350 265
Index 267
|
| adam_txt |
CONTENTS
1 OVERVIEW OF AUDIT SAMPLING 1^
Nonstatistical and Statistical Audit Sampling 2
Types of Statistical Sampling Plans 4
Historical Developments of Statistical Sampling in Auditing 5
What Are the Advantages of Statistical Sampling? 7
The Risk of Sampling 8
What Are Sampling and Nonsampling Errors? 9
Statistical Sampling and Professional Judgment 10
Relationship of Statistical Sampling to Auditing Standards 11
Chapter Organization 13
Case 1 1 Is Sampling Involved? 18
2 SELECTING A REPRESENTATIVE SAMPLE 19
Definition of Random Sample, Population, and Sampling Frame 20
Sampling with or without Replacement 21
Unexamined Sample Items 22
Random Number Tables 22
Using a Random Number Table 23
Computer Generated Random Numbers 27
Systematic Selection 28
Random Systematic Selection 30
Probability Proportional to Size Selection 30
Stratified Selection 32
Haphazard Selection for Nonstatistical Sampling 32
Summary 33
Case 2 1 Selecting a Sample 39
Case 2 2 Adams Supply Company 41
3 ATTRIBUTE SAMPLING 43
Attribute Sampling Plans 44
Attribute Sampling and the Independent Auditor's
Assessment of Control Risk 45
ix
x Contents
Planning Considerations for Test of Controls 49
Attribute and Deviations Conditions 49
Population Definition 50
Judgment in a Statistical Test of Controls 51
Setting Risk of Assessing Control Risk Too Low (Reliability Level) 53
Tolerable Rate (Upper Precision Limit) 54
Fixed Sample Size Attribute Sampling 56
Sequential (Stop or Go) Attribute Sampling 62
Qualitative Analysis in Attribute Sampling Applications 67
Illustrative Attribute Sampling Application 68
Discovery Sampling 70
Relating Attribute Sampling Results to Monetary Misstatement 74
Summary 74
Case 3 1 Millar Company, Inc. 83
Case 3 2 EFT, Inc. 84
Case 3 3 Tech Producers, Inc. 85
Case 3 4 Client, Inc. 85
Case 3 5 Lewis Foot, CPAs 86
Case 3 6 CPE Associates 87
Case 3 7 Taylor Sons, Inc. 87
Case 3 8 Becker Warren 88
Case 3 9 Dalton Stationery, Inc. 89
4 USING VARIABLE SAMPLING
FOR ACCOUNTING ESTIMATION 91_
Precision and Reliability 92
A Review of Selected Statistical Concepts 92
What Is Accounting Estimation? 98
Unstratified Mean Per Unit 99
Steps in Applying Unstratified Mean Per Unit 101
Demonstration of Unstratified Mean Per Unit 104
Stratified Mean Per Unit 105
Steps in Applying Stratified Mean Per Unit 107
Difference Estimation 109
Steps in Applying Unstratified Difference Estimation 112
Ratio Estimation 114
Summary 115
Case 4 1 Empress Cosmetique Case 122
Case 4 2 Stratified Sampling, Inc. 137
Case 4 3 Foot, Tick, Tie, CPAs 137
Case 4 4 Ace Corporation 138
Case 4 5 Catalog Sales 139
Case 4 6 Sunnytime Snack Company 140
Contents xi
5 USING VARIABLE SAMPLING
FOR AUDIT HYPOTHESIS TESTING 143
Sampling Risk and Audit Sampling 144
Audit Risk, Materiality, and Substantive Audit Tests 149
Tolerable Misstatement 153
The Audit Hypothesis Model 158
Demonstration of the Audit Hypothesis Model 167
Proposing a Statistical Adjustment 170
Summary 171
Supplementary Topic: Using Audit Sampling
for Compliance Auditing 171
Case 5 1 Blumenthal, Inc. 183
Case 5 2 Statistical, Inc. 183
Case 5 3 Draper, Inc. 185
Case 5 4 Fairview Publishing Company 186
Case 5 5 Accounts Receivable, Inc. 189
Case 5 6 AHT, Inc. 189
Case 5 7 Smith, Inc. 190
Case 5 8 Microtext Corporation
and Industrial Supply Company 190
6 PROBABILITY PROPORTIONAL
TO SIZE SAMPLING 193
Objectives and Assumptions of PPS Sampling 194
Advantages and Disadvantages of Using PPS Sampling 195
Basic Description of PPS Sampling 196
Evaluation Based on the Poisson Probability Distribution 197
PPS Sampling for Overstatements 201
Sampling Risk and PPS Sampling 204
Determining Tolerable Misstatement Using PPS Sampling 205
Determining the PPS Sample Size 206
PPS Sampling for Overstatements and Understatements 207
PPS Sampling for Attributes 208
Summary 208
Case 6 1 Clip Joint, Inc. 214
Case 6 2 Roll Tide 214
Case 6 3 Wagner's Appliance Company 215
Case 6 4 Bell Tyler, Inc. 216
Case 6 5 Carter Warren, Inc. 216
xJi Contents
7 NONSTATIST1CAL AUDIT SAMPLING 219
How Does Statistical Sampling Differ from Nonstatistical
Sampling? 220
Why Use Nonstatistical Audit Sampling? 222
What Is a "Formal" Nonstatistical Sampling Plan? 223
Why Use a Formal Nonstatistical Sampling Approach? 224
Illustration of a Formal Approach to Nonstatistical Sampling 225
Use of Nonstatistical Sampling for Tests of Controls 233
Summary 233
Case 7 1 Nonstatistical, Inc. 236
Case 7 2 Landi Corporation 236
Case 7 3 Ryan Corporation 237
Appendix A: Calculation Worksheets 239
Appendix B: List of Equations 245
Appendix C: SAS No. 39—
Audit Sampling (AU 350 As Amended) 249
Appendix D: Audit Sampling:
Auditing Interpretations of Section 350 265
Index 267 |
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| spelling | Guy, Dan M. Verfasser aut Audit sampling an introduction Dan M. Guy ; D. R. Carmichael ; Ray Whittington 5. ed. New York Wiley 2002 XII, 269 S. txt rdacontent n rdamedia nc rdacarrier Auditing Statistical methods Sampling (Statistics) Stichprobe (DE-588)4057502-0 gnd rswk-swf Revision Wirtschaft (DE-588)4049674-0 gnd rswk-swf Stichprobe (DE-588)4057502-0 s Revision Wirtschaft (DE-588)4049674-0 s DE-604 Carmichael, Douglas R. Verfasser aut Whittington, Ray 1948- Sonstige (DE-588)135997259 oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015441125&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Guy, Dan M. Carmichael, Douglas R. Audit sampling an introduction Auditing Statistical methods Sampling (Statistics) Stichprobe (DE-588)4057502-0 gnd Revision Wirtschaft (DE-588)4049674-0 gnd |
| subject_GND | (DE-588)4057502-0 (DE-588)4049674-0 |
| title | Audit sampling an introduction |
| title_auth | Audit sampling an introduction |
| title_exact_search | Audit sampling an introduction |
| title_exact_search_txtP | Audit sampling an introduction |
| title_full | Audit sampling an introduction Dan M. Guy ; D. R. Carmichael ; Ray Whittington |
| title_fullStr | Audit sampling an introduction Dan M. Guy ; D. R. Carmichael ; Ray Whittington |
| title_full_unstemmed | Audit sampling an introduction Dan M. Guy ; D. R. Carmichael ; Ray Whittington |
| title_short | Audit sampling |
| title_sort | audit sampling an introduction |
| title_sub | an introduction |
| topic | Auditing Statistical methods Sampling (Statistics) Stichprobe (DE-588)4057502-0 gnd Revision Wirtschaft (DE-588)4049674-0 gnd |
| topic_facet | Auditing Statistical methods Sampling (Statistics) Stichprobe Revision Wirtschaft |
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