Transcription of SAMPLING FOR INTERNAL AUDITORS - ISACA
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By Mwenya P. Chitalu CIA SAMPLING FOR EFFECTIVE INTERNAL AUDITING EXPECTED PRESENTATION OUTCOMES Why Do AUDITORS Sample? SAMPLING Policy Statistical & Non-statistical SAMPLING Statistical Terminologies Statistical SAMPLING Plans External Auditing Standards Sample Selection Methods Illustrations DEMYSTIFYING STATISTICAL SAMPLING The Principle (or Law) of Parsimony: That things are usually connected in the simplest or most economical way. Reducing ideas to small, easy-to-write symbols & saying a lot in a small area covered by a formula.
WHY DO AUDITORS SAMPLE? International Standards for the Professional Practice of Internal Auditing: Guides Information should be: Sufficient, Reliable, Relevant & Useful Acknowledges Sampling Techniques in Evidence Acquisition Opinions are NOT ABSOLUTE GUARANTEE but REASONABLE ASSURANCE of Accuracy Proficiency & Due Professional Care
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Best Practices for Internal Audit in Government Departments, INTERNAL, For internal audit, Professional Certification Programs, For internal, Key considerations for your internal audit, Developing an Internal Audit Plan, Internal Audit Banking & Financial Services, Internal Control for Payroll, Internal Controls and Financial Accountability