The Use Of Statistical Sampling And A Single-Point Estimator To Establish Punitive Fines In Compliance Auditing: A Cautionary Note

Lamb, Steven W.; Svihla, William H.; Harper, J. Steven

doi:10.19030/jber.v7i1.2250

Cited by 1 publication

(1 citation statement)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Statistical sampling is defined as "the process of selecting elements of a population for either descriptive or inferential purposes" (Barron's Business Dictionary s.v statistical sampling). Statistical sampling has been a central audit TT of internal auditors in audit engagement, and it has been discussed by various writers (Hall et al 2002;Lamb et al 2009;Schreiner 2009). Nevertheless, the information shared on how the "sample made simple audit" by Martin (2004), found that auditors are often called upon to test internal controls through attribute sampling.…”

Section: Statistical Samplingmentioning

confidence: 99%

Audit Tools and Techniques: Crucial Dimensions of Internal Audit Engagements in South Africa

Motubatse

Staden

Steyn

et al. 2015

Journal of Economics

View full text Add to dashboard Cite

The paper presents secondary empirical data from the Common Body of Knowledge study, on the use of audit tools and techniques by internal auditors in South Africa and compared its findings on South African internal audit functions with those of developed regions. It investigates the current use of the audit tools and techniques by the internal auditors in South Africa. This paper also reviewed relevant literature to support arguments for the use of audit tools and techniques by the internal auditors. The study found that internal audit functions in South Africa use audit tools and techniques similar to that of developed regions. The paper also found that internal auditors mostly use audit tools and techniques, such as risk based planning electronic, communication, analytical reviews and working papers. The paper concludes that, while other audit tools and techniques are important to have, the most preferred enhances the quality of the audit process.

show abstract

Section: Statistical Samplingmentioning

confidence: 99%