Audit Sampling: An Introduction,

Fourth Edition

Dan M. Guy AICPA, Douglas R. Carmichael, CUNY-Baruch College, O. Ray Whittington, DePaul University

288 Pages, Paper, ISBN: 0-471-19097-7 1998

Now available in paperback! This is the market leading basic instructional text on the use of statistical and non-statistical sampling in auditing. It is typically used as a core text in an audit sampling course, or as a supplemental text in an advanced auditing course. This book is especially appropriate for advanced auditing course where coverage is given to topics such as SEC reporting, computer auditing, audit risk, materiality, and audit reporting.

This book bridges the gap between introductory coverage of audit sampling and the highly technical presentation of concepts. It is written from the viewpoint of financial auditing with an emphasis on the use of sampling in the audit of financial statements by external auditors. Much of the material in the book is also appropriate from an internal auditing perspective. One of the text's greatest strengths is that it presents technical sampling material within the context of the auditing risk model. This exceptionally unique balance is one of the many reasons this text is the undisputed market leader.

• Sampling software packaged free with every text: These spreadsheet based programs allow students to:
  • -Determine sample sizes using statistical and non-statistical methods.

  • -Analyze and stratifgy population data.

  • -Select sample using random number selection.

  • -Evaluate sample results and draw conclusions.

  • -Prepare workpapers that document sampling procedure.

  • -Solve end-of-chapter cases with disk (<) icon.

• Completely updated to reflect most current standards and terminology.

• Introduces technical sampling material within the context of audit logic.

• Introduces technical material within the context of auditing procedure.

• Comprehensive end of chapter material includes: summary, glossary, review questions, multiple choice questions and cases with some material taken directly from the CPA and CIAE exams.

Instructor's Resource Manual (ISBN: 0-471-): Contains answers to all end of chapter questions and cases. Also, includes additional multiple chpice questions and transparency masters

Table of Contents: PART I: AN INTRODUCTION TO CORPORATE FINANCE 1. Overview of Audit Sampling 2. Selecting a Representative Sample 3. Attribute Sampling 4. Using Variable Sampling for Accounting Estimation 5. Using Variable Sampling for Audit Hypothesis Testing 6. Probability-Proportional-to-Size Sampling 7. Nonstatistical Audit Sampling APPENDIX A: Calculation Worksheets APPENDIX B: List of Equations APPENDIX C: Additional Statistical Sampling references APPENDIX D: SAS No. 39: Audit Sampling