32 paragraphs found
(Ref: Para. A8 ) In considering the characteristics of the population from which the sample will be drawn, the auditor may determine that stratification or value-weighted selection is appropriate. This Appendix provides guidance to the auditor on the use …
If the audit procedure is not applicable to the selected item, the auditor shall perform the procedure on a replacement item. (Ref: Para. A14) …
In analysing the deviations and misstatements identified, the auditor may observe that many have a common feature, for example, type of transaction, location, product line or period of time. In such circumstances, the auditor may decide to identify all …
The objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is …
If the auditor is unable to apply the designed audit procedures, or suitable alternative procedures, to a selected item, the auditor shall treat that item as a deviation from the prescribed control, in the case of tests of controls, or a misstatement, in …
See ASA 320 Materiality in Planning and Performing an Audit , paragraph 9 . …
In considering the characteristics of a population, for tests of controls, the auditor makes an assessment of the expected rate of deviation based on the auditor’s understanding of the relevant controls or on the examination of a small number of items …
The auditor shall evaluate: The results of the sample; and (Ref: Para. A21-A22) Whether the use of audit sampling has provided a reasonable basis for conclusions about the population that has been tested. …
(Ref: Para. A13 ) There are many methods of selecting samples. The principal methods are as follows: Random selection (applied through random number generators, for example, random number tables). Systematic selection, in which the number of sampling …