Page 131 - DCOM509_ADVANCED_AUDITING

Advanced Auditing

Notes Answers: Self Assessment

1. Zero Percent Examination 2. haphazard sampling technique
3. stratified sampling technique 4. systematic sampling
5. effectiveness; efficiency 6. decrease

7. audit risk 8. Sampling risk
9. parameter 10. bottleneck effect; founder effect
11. non-sampling; sampling 12. Sampling risk
13. Statistical applications 14. Cost effectiveness
15. Variables sampling 16. Attribute sampling

17. Compliance tests 18. Larger

7.9 Further Readings

Books David Coderre (2009). Internal Audit: Efficiency through Automation, John Wiley &
Sons.

Emile Woolf, Moira Hindson (2011). Audit and Accountancy Pitfalls: A Casebook for
Practising Accountants, Lawyers and Insurers, John Wiley & Sons.
Iain Gray, Stuart Manson (2007). The Audit Process: Principles, Practice and Cases,
Cengage Learning EMEA.
Jeanette Franzel (2009). Single Audit: Opportunities Exist to Improve the Single Audit
Process and Oversight, DIANE Publishing.
Susan Switzer (2007), Internal Audit Reports Post Sarbanes-Oxley: A Guide to Process-
Driven Reporting, John Wiley & Sons.

Online links http://220.227.161.86/17732Annexure%205.pdf
http://www.caclubindia.com/articles/audit-sampling-2298.asp#.UTRNI9mPlkg
http://www.readyratios.com/reference/audit/audit_sampling.html

http://www.tax.newmexico.gov/SiteCollectionDocuments/audit-sampling-
manual.pdf

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