- Industria: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
The number of population items selected when a sample is drawn from a population.
Industry:Accounting
Unless the auditor examines 100% of the population, there is some chance the sample results will mislead the auditor. This risk is sampling error. The larger the sample, the less chance of sampling error and the greater the reliability of the results.
Industry:Accounting
An expert at activities not usually done by auditors (such as an appraiser for valuation).
Industry:Accounting
The possibility that conclusions drawn from the sample may not represent correct conclusions for the entire population.
Industry:Accounting
Pronouncements concerning unaudited financial information of a nonpublic entity issued by the AICPA Accounting and Review Services Committee.
Industry:Accounting
The type of engagement. The scope of an engagement might be a review, an audit, or a compilation. A scope limitation is a restriction on the evidence the auditor can gather.
Industry:Accounting
A statistic used to measure dispersion equal to the square root of the arithmetic mean of the squares of the deviations from the arithmetic mean.
Industry:Accounting
The paragraph in the audit report that explains the scope of the engagement. The wording of the standard scope paragraph is: "We conducted our audit in accordance with U.S. generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion."
Industry:Accounting
Making inferences in uncertain situations using applied mathematics. Measurements from a small group, the sample, are used to infer the behaviour of a larger group, the population. Probability theory determines how well the sample represents the population.
Industry:Accounting
When an auditor confirms receivables, some customers of the client fail to respond to the first confirmation request. Another request sent to the same customers is the second request.
Industry:Accounting
