PRACTICAL METHODS OF SELECTION AND CALCULATION OF SAMPLE SIZE FOR AUDIT SAMPLING
Journal Title: Challenges of the knowledge society ( Provocari ale societatii cunoasterii ) - Year 2019, Vol 11, Issue 13
Abstract
Audit sampling is very important part of audit works. No mater it is financial audit, internal audit and others kind of audit, audit sampling still need to be used by auditors. Sampling is a process of selecting a subset of a population of items for the purpose of making inferences to the whole population. Accounting populations usually consist of a large number of items (debts values, credit values), often totalling millions of monetary units, and a detailed examination of all accounts is not possible. Statistical sampling allows the auditor to draw conclusions supported by statistical inference. The results obtained for the sample extend, in probabilistic terms to the whole population, obtaining the confidence interval for the errors mean. It is critical that the selected sample to be representative for population. The purpose of this study is to estimate the accounting misstatements related to debts values of 5121 account of an audited company. The study objectives regards determining the sample size to be verified, estimating accounting misstatements of the debts values for the entire population studied. using different statistical sampling methods
Authors and Affiliations
Sandra TEODORESCU, Andreea Paula DUMITRU
Keywords
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