Financial Audit Sampling

a literature review

Abstract

The need to validate the work of man including the business has sued assessment by auditors to issue a professional opinion on the financial statements of companies based on their exam. The impracticidad and cost of the detailed audit, has evolved into the audit based on risk, which is supported by audit sampling; extended to the entire population the findings of its procedures. In this regard, present and contrast the views of various authors regarding the sampling in the context of the audit. The audit sampling may be statistical using probabilistic mathematical methods and no statistical or subjective based on the professional judgment and experience of the auditor, who to apply audit sampling is taking a professional risk by not revised portion, which is expressed through the expected sampling error; a larger sample will be smaller sampling error. Sampling is an integral part of the concept as audit process.