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Non-Statistical Sampling in Audits by Alaine Doble CPA is a document available to read on EtoBox.
What is Non-Statistical Sampling in Audits about?
The document discusses non-statistical sampling for substantive tests. It notes that the major differences from statistical sampling are that auditors may not quantify factors for sample size and the level of risk is not quantified. It describes two methods used to estimate total misstatement - the ratio method and average difference method. It provides an example of auditors selecting a sample of 200 invoices to test for accuracy and calculates the projected misstatement under each method.
- Author
- Alaine Doble CPA
- Language
- EN