Audit sampling
Article Abstract:
An exposure draft of guidelines for audit sampling has been issued by the Auditing Practices Committee. The principles common to all audit sampling techniques, for both statistical and non-statistical approaches, are outlined. Audit sampling is defined as applying compliance tests to less than 100 percent of the items within an account balance. The four stages of the audit sample are planning the sample, selecting the items to be tested, testing the items, and evaluating the test results.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Consultative paper: expanded auditors' report
Article Abstract:
The Auditing Practices Board has issued proposals for an expanded auditors' report for public comment. Responses to the proposals by individuals and organizations may help the Board come up with an exposure draft of a new standard in auditing. The document for review discusses such issues as the 'expectation gap' within the accounting profession between extant auditing practices and proposed practices.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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Taking risk seriously
Article Abstract:
The proposals of the Auditing Practices Board's approach that has with existing UK requirements added to the underlying International Standards on Accounting (ISAs) for accounting periods beginning on or after 15 December 2004, are described. It focuses on risk assessment and outlines various issues including the risk of fraud, there by, highlighting amendment to ISA 240, ISA 315 and ISA 330.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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