On sample size allocation in auditing*

Menzefricke, Ulrich; Smieliauskas, Wally

doi:10.1111/j.1911-3846.1988.tb00669.x

Contemporary Accting Res

1988

DOI: 10.1111/j.1911-3846.1988.tb00669.x

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On sample size allocation in auditing*

Ulrich Menzefricke

Wally Smieliauskas

Abstract: Scott (1973) suggested a model for satnple size allocation in auditing which uses as a criterion the minimization of costs of naisestimation and sampling costs. We extend his model hy incorporating the hinotnial-norma! model for errors of Menzefricke and Smieliauskas (1984).Resume. Scott (1973) a propose un module de repartition des tailles d'echantillon, en verification, dont le critere est la minimisation des couts attrihuables aux estimations erronSes et des couts d'echantillonnage. Les auteurs elargissent… Show more

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Cited by 5 publications

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A theory of evidence based on audit assertions

Smieliauskas

Smith

1990

Contemporary Accting Res

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Abstract. This paper refines a theory of audit evidence in light of recent research in philosophy of science. We improve the definition of confirming evidence and relate it to various audit opinions. Specifically, we identify explanations as a critical component linking evidence to audit assertions. An implication of our work is that professional audit standards setting should put increasing emphasis on the explanations underlying audit assessments.Resume. Les auteurs perfectionnent une theorie relative a I'information probante a la lumiere des travaux de recherche recents en philosophie de la science, Ils raffinent la definition de preuve de corroboration et la relient a diverses opinions du verificateur, De fa9on precise, ils traitent les explications comme un element critique reliant I'information probante aux assertions auxquelles s'interesse le verificateur, Leurs travaux les menent entre autres a la conclusion que les normes professionnelles de verification devraient accorder une place de plus en plus grande aux explications sous-jacentes a ces assertions.

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A theory of evidence based on audit assertions

Smieliauskas

Smith

1990

Contemporary Accting Res

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Combined monetary unit sampling from several independent populations: Sample size planning and sample evaluation with the moment method*

Grimlund

1990

Contemporary Accting Res

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Abstract, Although auditors often determine an upper bound on the amount of error in individual accounts, their primary concem is with the overall amount of error over several accounts. This paper presents a combined bound procedure for determining such an overall upper bound when using the moment method of monetary unit sampling (MUS). A procedure is also presented for determining optimal sample sizes over several independent accounts. The new combined bound procedure provides the moment method of MUS with the same type of flexibility that is currently available for the Stringer method of MUS. In addition, the new sample size planning procedure provides the combined moment bound with added flexibility and options that are not available when using a combined Stringer bound approach. The effectiveness and efficiency of both procedures has been investigated using 4324 separate simulation studies. The results indicate that the combined upper confidence bounds of the moment method are significantly smaller than those provided by the most attractive Stringer-based combined bound method. Further, the sample size planning procedure can be an effective audit tool.Resume. Bien que les verificateurs fixent souvent la limite superieure du taux d'erreur acceptable pour des comptes particuliers, leur preoccupation premiere touche le taux global d'erreur pour un ensemble de comptes. L'auteur propose un procede permettant d'etablir une limite combinee visant la determination de cette forme de limite superieure globale grace a l'utilisation de la methode des moments appliquee a l'echantillonnage en unites monetaires. II propose egalement un procede visant la determination d'echantillons de taille optimale pour un ensemble de comptes independants. Le nouveau procede de limite combinee fait appel a la methode des moments d'echantillonnage en unites monetaires avec le meme type de souplesse que Ton peut actuellement obtenir en utili sant la methode de Stringer. De plus, le nouveau procede de planification de la taille de l'echantillon livre une limite combinee resultant de l'application de la methode des moments en meme temps qu'il offre une souplesse plus grande et des possibilites que n'offre pas la methode de Stringer. L'efficacite et l'efficience des deux procedes sont analysees a l'aide de 4324 etudes de simulation distinctes. Les resultats indiquent que les limites de confiance superieures combinees obtenues par la methode des moments sont

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Managerial Miscalibration and Its Effects on the Auditability of Accounting Estimates: Evidence from Pension Accounting

Menzefricke

Smieliauskas

2017

SSRN Journal

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On sample size allocation in auditing*

Cited by 5 publications

References 12 publications

A theory of evidence based on audit assertions

A theory of evidence based on audit assertions

Combined monetary unit sampling from several independent populations: Sample size planning and sample evaluation with the moment method*

Managerial Miscalibration and Its Effects on the Auditability of Accounting Estimates: Evidence from Pension Accounting

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