ENBIS: European Network for Business and Industrial Statistics

SIG Modelling: ISA auditing standards and the reappraisal of statistical sampling.

22 September 2009, 15:05 – 15:25

Abstract

Submitted by

Rainer Göb

Authors

Rainer Göb

Affiliation

University of Würzburg, Germany

Abstract

The evolution of audit sampling has been accompanied and reflected by national and international auditing standards like SAS 39 (1981), SAS 47 (1983), SAS 106 (2006), SAS 107 (2006), SAS 111 (2006). For long, the standards have been strengthening the position of selective examination sampling in the auditing community. This attitude has been contributing to the poor acceptance of statistical sampling. However, the recent international standards ISA 500 and 530 adopt a markedly different position: selective examination is not considered as audit sampling, and the position of statistical sampling is considerably strengthened. The talk reviews the standards and discusses the consequences for statistical modeling in audit sampling.

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