Documentation and Sampling

State the types of audit file

State THREE purpose of permanent audit file

Briefly explain the current audit file

Give a definition of audit sampling based on ISA 530

Audit sampling process consists of population, samples, ___________ and findings.

State THREE principles methods in selecting samples.

Statistical sampling approach is define as

• Selection of samples based on characteristics

• Suitable for small population numbers.

• Random selection of items and uses the probability theory to evaluate results.

Monetary unit sampling is to identify samples based on the value.

• true

• false

"Auditor has to examine 50 samples out of sales invoice with a population of 3000. Auditor design the selection process to pick every 100th invoice, using invoice number 10 as a starting point, the next sample is invoice number 110, 210, 410 and so on until finished 50 samples". This statement refer to ______

• Monetary unit sampling

• Random number table

• Systematic selection

Non-statistical sampling normally based on ______________

• specific characteristics, population is small and population not be identifiable and accessible

• population is large and population can be identifiable and accessible