Annals of the University of Oradea: Economic Science (Jul 2014)
THE SAMPLING PROCESS IN THE FINANCIAL AUDIT .TECHNICAL PRACTICE APPROACH
Abstract
To ensure an optimum level of the sampling process in the financial audit,professional ,the one that performes the audit work has to comply to principles and procedures, such that to obtain, with minimum expenditures collecting the audit evidence edifying in the process of opinion expression. So,in time have developed and diversified the sampling techniques regarding the studied population (The audit international standards define the population term like “ representing a whole data set among a sample is selected and whereof an auditor wants to make conclusions. For example, all the events within the account or the transactions class represents a population.” CAR- “Financial Audit 2000”,2000) that can lead to a significant time relief needed for audit checking operations. Population example inside the audit mission, careless of the audited entity nationality : invoices, receipts, providers, clients, budgeted expenditures etc. “Audit sampling” (sampling) assumes appliancing audit procedures for less than 100% of the elements within an account or a trasaction class balance, such that all the samples will be selected. This will allow the auditor to obtain and to evaluate the audit evidence on some features for the selected elements, in purpose to assist or to express a conclusion regardind the population within the sample was extracted. The sampling in audit can use both a statistical or a non-statistical approach. (THE AUDIT INTERNATIONAl STANDARD 530 –THE SAMPLING IN AUDIT AND OTHER SELECTIVE TESTING PROCEDURES)
