31386 paragraphs found
Misstatement means a difference between the reported amount, classification, presentation, or disclosure of a financial report item and the amount, classification, presentation, or disclosure that is required for the item to be in accordance with the …
Uncorrected misstatements means misstatements that the auditor has accumulated during the audit and that have not been corrected. …
Audit sampling (sampling) means the application of audit procedures to less than 100% of items within a population of audit relevance such that all sampling units have a chance of selection in order to provide the auditor with a reasonable basis on which …
Population means the entire set of data from which a sample is selected and about which the auditor wishes to draw conclusions. …
Sampling risk means the risk that the auditor’s conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same audit procedure. Sampling risk can lead to two types of erroneous conclusions: In the …
Non-sampling risk means the risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk. (Ref: Para . A1 …
Anomaly means a misstatement or deviation that is demonstrably not representative of misstatements or deviations in a population. …