L11 Notes_Part_6 - and nonstatistical methods of audit...

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Effect on Sample Size of Changing Factors
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Audit Sampling Attribute Sampling in Tests of Controls Variables Sampling in Substantive Tests of Balances Statistical Nonstatistical Regular Discovery Sequential Directed Block Haphazard Statistical Probability Proportional to Size Classical DUS CMA CAV Mean per unit Difference Estimation Ratio Regression
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Types of Audit Sampling Auditing standards recognize and permit both statistical
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Unformatted text preview: and nonstatistical methods of audit sampling. In nonstatistical (or judgmental) sampling, the auditor does not use statistical techniques to determine sample size, select the sample items, or measure sampling risk. Statistical sampling, uses the laws of probability to compute sample size and evaluate the sample results. The auditor is able to use the most efficient sample size and quantify sampling risk....
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L11 Notes_Part_6 - and nonstatistical methods of audit...

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