Mind map
Topic 10: Audit Sampling
Map content
Topic 10: Audit Sampling
Sampling
- Based on audit procedures: nature, timing, extent
- FOCUS = EXTENT
- Definition
- application of audit procedures less than 100%
- sampling units have a chance of selection
- in order to provide the auditor with a reasonable basis on which to draw conclusions about the entire population.
- Auditor Objective
- provide a reasonable basis for the auditor to draw conclusions
- about the population from which the sample is selected.
- provide a reasonable basis for the auditor to draw conclusions
- Types
- 100% examination/specific items
- statistical/non-statistical
- statistical
- Random selection
- use of probability theory
- statistical
- Based on audit procedures: nature, timing, extent
Sampling & Risk
- Sampling Risk
- risk that conclusion based on the sample is different from the population
- using the same audit procedure
- risk that conclusion based on the sample is different from the population
- Sampling Risk
Information
- Description
- University Audit Mind Map on Topic 10: Audit Sampling, created by Sharon Quak on 02/06/2015.
- Created by
- Sharon Quak
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