A REVIEW OF DEVELOPMENTS IN STATISTICAL SAMPLING FOR ACCOUNTANTS.
Abstract Statistical sampling methods for accountants and auditors have been actively discussed for about 12 years. Something of the extent of interest in the subject can be seen in the bibliography recently made available by the American Institute of C.P.A.'s. The subject matter is divided into two major areas: acceptance sampling and estimation. To these there has been added a third that is of special current interest to auditors; it is called discovery or exploratory sampling. Two of the applications, one of acceptance sampling and the discovery sampling technique, are primarily auditing applications. Discovery sampling is a procedure by which one can draw a sample with specified assurance of obtaining in the sample at least one example of a certain class of the population. This classification must not be insisted upon, however, for all the techniques can be used as a part of the accounting process or by auditors in checking the accounting product. The only difference between the accounting and auditing application may be the timing of it and even this may disappear when an auditor observes the taking of physical inventory.
- DOI
- 10.2308/tar-7061008
- Volume
- 35 (1)
- Pages
- 19-28
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref