Aicpa
Audit Guide: Sampling 2019
Aicpa
Audit Guide: Sampling 2019
- Broschiertes Buch
- Merkliste
- Auf die Merkliste
- Bewerten Bewerten
- Teilen
- Produkt teilen
- Produkterinnerung
- Produkterinnerung
Updated as of December 1, 2019, this guide continues to be an indispensable resource packed with information on sampling requirements and methods. It introduces statistical and nonstatistical sampling approaches, and features case studies illustrating the use of different sampling methods, including classical variables sampling and monetary unit sampling, in real-world situations.
Andere Kunden interessierten sich auch für
- Robert L. MainardiBeyond Audit53,99 €
- James WiedemannConstruction Contractors: Accounting and Auditing139,99 €
- Melisa F. Galasso2020 Not-For-Profit Accounting and Auditing Update91,99 €
- Hugh ParkerAnnual Update and Practice Issues for Preparation, Compilation, and Review Engagements112,99 €
- Manuel LagunaBusiness Process Modeling, Simulation and Design154,99 €
- AicpaSoc for Supply Chain135,99 €
- Jiayi LiuStudy on the Auditing System of Socialism with Chinese Characteristics88,99 €
-
-
-
Updated as of December 1, 2019, this guide continues to be an indispensable resource packed with information on sampling requirements and methods. It introduces statistical and nonstatistical sampling approaches, and features case studies illustrating the use of different sampling methods, including classical variables sampling and monetary unit sampling, in real-world situations.
Produktdetails
- Produktdetails
- AICPA Audit Guide
- Verlag: Wiley / Wiley & Sons
- Artikelnr. des Verlages: 1W950688330
- 2. Aufl.
- Seitenzahl: 208
- Erscheinungstermin: 23. Juni 2020
- Englisch
- Abmessung: 230mm x 161mm x 17mm
- Gewicht: 258g
- ISBN-13: 9781950688333
- ISBN-10: 195068833X
- Artikelnr.: 58778898
- AICPA Audit Guide
- Verlag: Wiley / Wiley & Sons
- Artikelnr. des Verlages: 1W950688330
- 2. Aufl.
- Seitenzahl: 208
- Erscheinungstermin: 23. Juni 2020
- Englisch
- Abmessung: 230mm x 161mm x 17mm
- Gewicht: 258g
- ISBN-13: 9781950688333
- ISBN-10: 195068833X
- Artikelnr.: 58778898
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.
Introduction .1-.22The Development of Audit Sampling .1-.11The Significance of Audit Sampling .12The Purpose of This Guide .13-.20Audit Sampling Guidance for Compliance Audits .21-.221 Characteristics of Audit Sampling .01-.29Audit Sampling Defined .04-.05Procedures That May Not Involve Audit Sampling .06-.20Inquiry and Observation .07Analytical Procedures .08-.09Procedures Applied to Every Item in a Population .10-.12Some Tests of Controls May Not Involve Audit Sampling .13-.14Tests of Controls When Extrapolation is Not Intended .15Procedures That Do Not Evaluate Characteristics .16-.17Untested Balances .18Tests of Automated IT Controls .19-.20Sampling and Nonsampling Audit Procedures Distinguished .21-.25Terminology Used in This Guide .26-.29Reliability or Confidence Level .27Sampling Risk .28Precision .292 The Audit Sampling Process .01-.55Purpose and Nature of Audit Sampling .02How Audit Sampling Differs From Sampling in Other Professions .03-.06Evaluation of Audit Samples .07Types of Audit Tests .08-.14Tests of Controls .09-.10Substantive Procedures .11Dual-Purpose Tests .12-.14Risk .15-.21Sampling Risk .19Nonsampling Risk .20-.21Nonstatistical and Statistical Sampling .22-.29Planning the Audit Sampling Procedures .30-.34Types of Statistical Sampling Plans .35-.43Attributes Sampling .35-.37Variables Sampling .38-.41Relating Balance Sheet and Income Statement Sampling .42-.43General Implementation Considerations .44-.55Continuing Professional Education .45-.48Sampling Guidelines .49Use of Specialists .50-.51Supervision and Review .52-.553 Nonstatistical and Statistical Audit Sampling in Tests of Controls .01-.98Determining the Test Objectives .02-.05Defining the Deviation Conditions .06Defining the Population .07-.10Defining the Period Covered by the Test .11-.21Initial Testing .14Estimating Population Characteristics .15-.17Considering the Completeness of the Population .18-.21Defining the Sampling Unit .22-.24The Role of Walk-throughs .25-.28Determining the Method of Selecting the Sample .29-.36Simple Random Sampling .30Systematic Sampling .31-.32Haphazard Sampling .33-.34Block Sampling .35-.36Determining the Sample Size .37-.65Considering Sampling Risk in Assessing Controls Effectiveness .38-.45Considering Other Evidence in Determining Risk of Concluding Controls Are More Effective Than They Actually Are (Overreliance) and Tolerable Rate of Deviation .46Considering the Risk of Concluding Controls Are More Effective Than They Actually Are (Overreliance) for Multiple Controls Addressing the Same Control Objective .47Determining the Tolerable Rate of Deviation .48-.54Considering the Expected Population Deviation Rate .55-.58Considering the Effect of Population Size .59-.61Small Populations and Infrequently Operating Controls .62-.63Considering a Sequential or a Fixed Sample Size Approach .64Developing Sample Size Guidelines .65Performing the Sampling Plan .66-.72Voided Documents .67Unused or Inapplicable Documents .68Mistakes in Estimating Population Sequences .69-.70Stopping the Test Before Completion .71Inability to Examine Selected Items .72Evaluating the Sample Results .73-.95Calculating the Deviation Rate .74Considering Sampling Risk .75-.79Considering the Qualitative Aspects of the Deviations .80-.81Extending the Sample When Control Deviations Are Found .82-.84Assessing the Potential Magnitude of a Control Deficiency .85-.94Reaching an Overall Conclusion .95Documenting the Sampling Procedure .96-.984 Nonstatistical and Statistical Audit Sampling for Substantive Tests of Details .01-.108Determining the Test Objectives .04-.05Defining the Population .06-.12Considering the Completeness of the Population .08-.10Identifying Individually Significant Items .11-.12Defining the Sampling Unit .13-.14Choosing an Audit Sampling Technique .15-.16Selecting the Sample .17-.22Determining the Sample Size .23-.74Considering Variation Within the Population .27-.32Determining the Acceptable Level of Risk .33-.47Considering Tolerable Misstatement .48-.49Performance Materiality and Tolerable Misstatement .50-.59Considering the Expected Amount of Misstatement .60-.61Considering the Effect of Population Size .62Relating the Factors to Determine the Sample Size .63-.74Performing the Sampling Plan .75-.76Evaluating the Sample Results .77-.104Projecting the Misstatement to the Population .77-.89The Sufficiency of Sampling Evidence for Proposing Adjustments .90Negative Confirmations .91Interim Sample Results .92Considering Sampling Risk at the Test Level .93-.100Misstatements Not Projected .101-.104Documenting the Sampling Procedure .105-.1085 Nonstatistical Sampling Case Study .01-.16Determining the Sample Size .08-.11Evaluating the Sample Results .12-.166 Monetary Unit Sampling .01-.63Selecting a Statistical Approach .04-.08Advantages .05-.06Disadvantages .07-.08Defining the Sampling Unit .09-.10Selecting the Sample .11-.19Determining the Sample Size .20-.31Formula Method -- No Misstatements Expected .23-.25Formula Method -- Some Misstatements Expected .26-.31Evaluating the Sample Results .32-.52Sample Evaluation With 100% Misstatements .35-.41Sample Evaluation With Less Than 100% Misstatements .42-.48Quantitative Considerations .49-.51Qualitative Considerations .52MUS Sampling Case Study .53-.63Selecting the Sample .56-.58Evaluating the Sample Results .59-.637 Classical Variables Sampling .01-.48Selecting a Statistical Approach .03-.06Advantages .04Disadvantages .05-.06Types of Classical Variables Sampling Techniques .07-.10Mean-Per-Unit Approach .08Difference Approach .09Ratio Approach .10Choosing a Classical Variables Sampling Approach .11-.15The Ability to Design a Stratified Sample .12The Expected Number of Differences Between the Audited and Recorded Amounts .13Required Information .14-.15Determining the Sample Size .16-.24Considering Variation Within the Population .17-.19Calculating the Sample Size .20-.24Evaluating the Sample Results .25-.39Classical Variables Sampling Case Study .40-.48AppendixA Attributes Statistical Sampling TablesB Sequential Sampling for Tests of ControlsC Monetary Unit Sampling TablesD Ratio of Desired Allowance for Sampling Risk of Incorrect Rejection to Tolerable MisstatementE Multilocation Sampling ConsiderationsF Case Study Using Software to Plan and Evaluate a Classical Variables SampleG GlossaryH Overview of Statements on Quality Control StandardsI Schedule of Changes Made to the Text From the Previous EditionIndex of Pronouncements andOther Technical GuidanceSubject Index
Introduction .1-.22The Development of Audit Sampling .1-.11The Significance of Audit Sampling .12The Purpose of This Guide .13-.20Audit Sampling Guidance for Compliance Audits .21-.221 Characteristics of Audit Sampling .01-.29Audit Sampling Defined .04-.05Procedures That May Not Involve Audit Sampling .06-.20Inquiry and Observation .07Analytical Procedures .08-.09Procedures Applied to Every Item in a Population .10-.12Some Tests of Controls May Not Involve Audit Sampling .13-.14Tests of Controls When Extrapolation is Not Intended .15Procedures That Do Not Evaluate Characteristics .16-.17Untested Balances .18Tests of Automated IT Controls .19-.20Sampling and Nonsampling Audit Procedures Distinguished .21-.25Terminology Used in This Guide .26-.29Reliability or Confidence Level .27Sampling Risk .28Precision .292 The Audit Sampling Process .01-.55Purpose and Nature of Audit Sampling .02How Audit Sampling Differs From Sampling in Other Professions .03-.06Evaluation of Audit Samples .07Types of Audit Tests .08-.14Tests of Controls .09-.10Substantive Procedures .11Dual-Purpose Tests .12-.14Risk .15-.21Sampling Risk .19Nonsampling Risk .20-.21Nonstatistical and Statistical Sampling .22-.29Planning the Audit Sampling Procedures .30-.34Types of Statistical Sampling Plans .35-.43Attributes Sampling .35-.37Variables Sampling .38-.41Relating Balance Sheet and Income Statement Sampling .42-.43General Implementation Considerations .44-.55Continuing Professional Education .45-.48Sampling Guidelines .49Use of Specialists .50-.51Supervision and Review .52-.553 Nonstatistical and Statistical Audit Sampling in Tests of Controls .01-.98Determining the Test Objectives .02-.05Defining the Deviation Conditions .06Defining the Population .07-.10Defining the Period Covered by the Test .11-.21Initial Testing .14Estimating Population Characteristics .15-.17Considering the Completeness of the Population .18-.21Defining the Sampling Unit .22-.24The Role of Walk-throughs .25-.28Determining the Method of Selecting the Sample .29-.36Simple Random Sampling .30Systematic Sampling .31-.32Haphazard Sampling .33-.34Block Sampling .35-.36Determining the Sample Size .37-.65Considering Sampling Risk in Assessing Controls Effectiveness .38-.45Considering Other Evidence in Determining Risk of Concluding Controls Are More Effective Than They Actually Are (Overreliance) and Tolerable Rate of Deviation .46Considering the Risk of Concluding Controls Are More Effective Than They Actually Are (Overreliance) for Multiple Controls Addressing the Same Control Objective .47Determining the Tolerable Rate of Deviation .48-.54Considering the Expected Population Deviation Rate .55-.58Considering the Effect of Population Size .59-.61Small Populations and Infrequently Operating Controls .62-.63Considering a Sequential or a Fixed Sample Size Approach .64Developing Sample Size Guidelines .65Performing the Sampling Plan .66-.72Voided Documents .67Unused or Inapplicable Documents .68Mistakes in Estimating Population Sequences .69-.70Stopping the Test Before Completion .71Inability to Examine Selected Items .72Evaluating the Sample Results .73-.95Calculating the Deviation Rate .74Considering Sampling Risk .75-.79Considering the Qualitative Aspects of the Deviations .80-.81Extending the Sample When Control Deviations Are Found .82-.84Assessing the Potential Magnitude of a Control Deficiency .85-.94Reaching an Overall Conclusion .95Documenting the Sampling Procedure .96-.984 Nonstatistical and Statistical Audit Sampling for Substantive Tests of Details .01-.108Determining the Test Objectives .04-.05Defining the Population .06-.12Considering the Completeness of the Population .08-.10Identifying Individually Significant Items .11-.12Defining the Sampling Unit .13-.14Choosing an Audit Sampling Technique .15-.16Selecting the Sample .17-.22Determining the Sample Size .23-.74Considering Variation Within the Population .27-.32Determining the Acceptable Level of Risk .33-.47Considering Tolerable Misstatement .48-.49Performance Materiality and Tolerable Misstatement .50-.59Considering the Expected Amount of Misstatement .60-.61Considering the Effect of Population Size .62Relating the Factors to Determine the Sample Size .63-.74Performing the Sampling Plan .75-.76Evaluating the Sample Results .77-.104Projecting the Misstatement to the Population .77-.89The Sufficiency of Sampling Evidence for Proposing Adjustments .90Negative Confirmations .91Interim Sample Results .92Considering Sampling Risk at the Test Level .93-.100Misstatements Not Projected .101-.104Documenting the Sampling Procedure .105-.1085 Nonstatistical Sampling Case Study .01-.16Determining the Sample Size .08-.11Evaluating the Sample Results .12-.166 Monetary Unit Sampling .01-.63Selecting a Statistical Approach .04-.08Advantages .05-.06Disadvantages .07-.08Defining the Sampling Unit .09-.10Selecting the Sample .11-.19Determining the Sample Size .20-.31Formula Method -- No Misstatements Expected .23-.25Formula Method -- Some Misstatements Expected .26-.31Evaluating the Sample Results .32-.52Sample Evaluation With 100% Misstatements .35-.41Sample Evaluation With Less Than 100% Misstatements .42-.48Quantitative Considerations .49-.51Qualitative Considerations .52MUS Sampling Case Study .53-.63Selecting the Sample .56-.58Evaluating the Sample Results .59-.637 Classical Variables Sampling .01-.48Selecting a Statistical Approach .03-.06Advantages .04Disadvantages .05-.06Types of Classical Variables Sampling Techniques .07-.10Mean-Per-Unit Approach .08Difference Approach .09Ratio Approach .10Choosing a Classical Variables Sampling Approach .11-.15The Ability to Design a Stratified Sample .12The Expected Number of Differences Between the Audited and Recorded Amounts .13Required Information .14-.15Determining the Sample Size .16-.24Considering Variation Within the Population .17-.19Calculating the Sample Size .20-.24Evaluating the Sample Results .25-.39Classical Variables Sampling Case Study .40-.48AppendixA Attributes Statistical Sampling TablesB Sequential Sampling for Tests of ControlsC Monetary Unit Sampling TablesD Ratio of Desired Allowance for Sampling Risk of Incorrect Rejection to Tolerable MisstatementE Multilocation Sampling ConsiderationsF Case Study Using Software to Plan and Evaluate a Classical Variables SampleG GlossaryH Overview of Statements on Quality Control StandardsI Schedule of Changes Made to the Text From the Previous EditionIndex of Pronouncements andOther Technical GuidanceSubject Index