Accounting Tools

OCTOBER 9, 2023

Related Courses Guide to Audit Sampling Guide to Data Analytics for Audits How to Conduct an Audit Engagement What is Audit Sampling? Audit sampling is the use of an audit procedure on a selection of the items within an account balance or class of transactions. This tends to be a relatively efficient sampling technique.

Auditing 75

Auditing Accounting Accounting 75

Accounting Tools

OCTOBER 25, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Attribute Sampling? Attribute sampling involves selecting a small number of transactions and making assumptions about how their characteristics represent the full population of which the selected items are a part.

Auditing 75

Auditing Invoicing Financial Statements Accounting 75

Accounting Tools

JUNE 8, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Monetary Unit Sampling? Monetary unit sampling (MUS) is a statistical sampling method that is used to determine if the account balances or monetary amounts in a population contain any misstatements.

Auditing 40

Auditing Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

SEPTEMBER 27, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Discovery Sampling? Discovery sampling involves the use of a sample to determine whether a percentage error does not exceed a designated percentage of the population. Discovery sampling is used in auditing.

Auditing 40

Auditing 40

Accounting Tools

OCTOBER 23, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Block Sampling? Block sampling is a sampling technique used in auditing, where a sequential series of selections is made. However, a more random selection method would do a better job of sampling the entire population.

Auditing 40

Auditing Invoicing 40

Accounting Tools

OCTOBER 14, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Stop-or-Go Sampling? Stop-or-go sampling involves the evaluation of each sample taken from a population to see if it fits a desired conclusion. The auditor stops evaluating samples as soon as there is sufficient support for the conclusion.

Auditing 40

Auditing 40

Accounting Tools

JULY 21, 2023

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Variables Sampling? Variables sampling is the process used to predict the value of a specific variable within a population.

Computation 40

Computation Auditing Accounts Receivable Accounts Receivable 40