Audit Sampling: An Introduction to Statistical Sampling in Auditing

The fifth edition of AUDIT SAMPLING continues to provide animportant bridge between basic introductory auditing texts and thelevel of highly technical professional knowledge necessary tohandle audit sampling applications in actual practice. Written fromthe standpoint of internal and external auditors, the informationis easy–to–understand by entry–level auditing students, yet alsoappropriate for an advanced or graduate level auditing course.

Updated to reflect the rapidly changing audit environment, thefifth edition offers the following new features:

The latest information on new technology and techniques fortesting controls Reflects the revisions of SAS No. 55 made by SAS No. 94. Significant discussion of setting materiality and relatingthat to tolerable misstatement, including a discussion of SAB No.99 Information on changes in practice regarding the use ofnonstatistical sampling New examples and cases

The book companion web site includes data sets for casesparticularly appropriate for solving with Excel. The actual casesare identified by an icon in the text. The web site also containsan Instructor′s Resource Manual.

Overview of Audit Sampling.

Selecting a Representative Sample.

Attribute Sampling.

Using Variable Sampling for Accounting Estimation.

Using Variable Sampling for Audit Hypothesis Testing.

Probability–Proportional–To–Size Sampling.

Nonstatistical Audit Sampling.

Appendix A: Calculation Worksheets.

Appendix B: List of Equations.

Appendix C: SAS No. 39Audit Sampling (AU 350 As Amended).

Appendix D: Audit Sampling: Auditing Interpretations of Section350.

Index.