Chapter Module G - Louwers 7e.pptx - Module G Variables Sampling Accounting 408 Module G 1 1 Introduction Variables sampling variable a measure

# Chapter Module G - Louwers 7e.pptx - Module G Variables...

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Module G Variables Sampling Accounting 408 1 Module G
Accounting 408 Module G 2 1. Introduction Variables sampling variable - a measure possessed by every member of the population (dollar) Monetary method Used in substantive testing Used to substantiate an account balance or estimate an account balance
Accounting 408 Module G 3 1. Introduction (continued) Types PPS Sampling Classical methods (omit pages 811- 820) mean per unit difference estimation ratio estimation
Accounting 408 Module G 4 2. PPS Sampling Introduction called various names relatively new method developed specifically for auditing Sampling unit each dollar in the population number of physical items is irrelevant example of selecting a sample
Accounting 408 Module G 5 2. PPS Sampling (continued) Characteristics of PPS advantages automatically accomplishes stratification (greater chance of including larger dollar amount items)

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