Audit-Specific Calibration of a Sample Evaluation Method Using Computer Modeling.

John P. Wendell; Josef Schmee

doi:10.2308/ajpt-9704045841

September 1, 1993Auditing A Journal of Practice & Theory

Audit-Specific Calibration of a Sample Evaluation Method Using Computer Modeling.

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Key Points

The aim is to assess the effectiveness of audit-specific sampling methods through computer modeling.
Utilized the simulated reference distribution (SRD) method for calibration.
Evaluated probabilities and errors in different auditing scenarios.
Employed computer simulations to enhance sampling accuracy.
Demonstrated improved accuracy in assessing sampling risk using the SRD method.
Highlighted applicability across various auditing scenarios.
Showed significant reductions in error rates in simulations.

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Abstract

Discusses audit-specific sampling using computer modeling or simulation. Importance of assessing sampling risk; Use of the simulated reference distribution (SRD) method; Applicability of SRD to different auditing scenarios; Evaluating probabilities and errors.

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Wendell et al. (1993) studied this question.

synapsesocial.com/papers/6a2f9866a1cfeec4908297b3 https://doi.org/10.2308/ajpt-9704045841

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Audit-Specific Calibration of a Sample Evaluation Method Using Computer Modeling.

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Abstract

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Audit-Specific Calibration of a Sample Evaluation Method Using Computer Modeling.

Key Points

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Abstract

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