58 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 …
(Ref: Para. A11 ) The following are factors that the auditor may consider when determining the sample size for tests of controls. These factors, which need to be considered together, assume the auditor does not modify the nature or timing of tests of …
(Ref: Para. A11 ) The following are factors that the auditor may consider when determining the sample size for tests of details. These factors, which need to be considered together, assume the auditor does not modify the approach to tests of controls or …
(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 …
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. …
Sampling unit means the individual items constituting a population. (Ref: Para . A2 ) …