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Pages 60-93

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From page 60...
... Journal of Accounting Research, Supplement: 53-64.
From page 61...
... . Evaluation of the Stratified Regression Estimator for Auditing Accounting Populations Journal of Accounting Research, 17: 606- ~ 7.
From page 62...
... Proceedings of Business and Economic Statistics Section: 779-781, Washington, D.C.: Arnencan Statistical Association This paper reports on a simulation study based on one of me accounting populations employed In the Neter and Loebbecke (1975) study.
From page 63...
... (1977~. Discussant's Response to Computing Upper Error Limits in Dollar Unit Sampling.
From page 64...
... (19821. University of Georgia Center for Audit Research Monetary Unit Sampling Conference, March 24, 1981.
From page 65...
... Journal of the American Statistical Association, 72 :295-302. This paper presents a statistical sampling approach based on the multinomial distribution for obtaining a bound for either the total population overstatement or understatement, or both.
From page 66...
... Journal of Accounting Research, 24: 57-75. This work extends Kaplan's 1973 investigation of the performance of the auxiliary information interval estimators and traces the cause of the poor performance of these estimators to the skewness of the accounting population induced by the mass of probability at the ongin.
From page 67...
... The compound Poisson process is used to model We error rate and We distnbunon of error sizes in the population. Simulations are used to demonstrate mat tighter upper error limits can be achieved using Bayesian procedures compared to the Stringer bound.
From page 68...
... sampling plans were developed to overcome inadequacies In both attributes and variables sampling plans. CAV plans seek to combine the two approaches to obtain effective and efficient estimates of dollar errors in audit populations with low error rates.
From page 69...
... The weaknesses of the CAV approach include; Be unbalanced treatment of overstatement and understatement errors, inapplicability to sampling non-dollar audit units, ineffective design for disclosing errors, inadequacy of one-sided precision Innits for detenn~ng the amount of adjusunent Squired, assumption of a zero error rate for planning sample size, and emphasis on conservation of precision limits. Gnmiund, R
From page 70...
... (1975~. Audit Assessments Based on Statistical Samples - Supplemental Memorandum (March 6 Memorandum to Chief Counsel from Director, Refund Litigation Division & Acting Director, Tax Court Litigation Division)
From page 71...
... Journal of Accounting Research, I} :238-SX. Much of the literature applying statistical sampling to auditing is usually based on techniques developed for sample surveys, such as the simple mean-per-uriit estimator.
From page 72...
... Journal of Accounting Research, Supplement: 126-133. This paper discusses a procedure which computes doBar-urut sample size as a function of materiality and the risks of making alpha and beta ethos.
From page 73...
... (1977~. Discussants Response to Computing Upper Error Limits in Dollar Unit Sampling.
From page 74...
... (1975~. Considerations in Choosing Statistical Sampling Procedures in Auditing, Journal of Accounting Research, 13 Supplement: 38-52.
From page 75...
... Journal of Accounting Research, 22 :570-587. Using Bayesian models for the error distribution, an approach for sample size determination in dollar unit sampling is developed.
From page 76...
... (19851. Charactenstics of Dollar Unit Taints and Error Rates In Accounts Receivables and Inventory.
From page 77...
... This monograph is an empincal study of die behavior of statistical estimators commonly used In auditing, based on simulated audit populations with varying error rate patterns constructed by extrapolating error characteristics found in audits of four actual populations. These four populations represent a variety of skewness, error rates, and mixture of overstannent and understatements for two types of accounts.
From page 78...
... The effect of altemative Dollar Unit Sampling is also investigated when the population line items are randomly ordered. For companson, stratified difference estimator using line item sampling is also included.
From page 79...
... The results of an empirical study of these characteristics indicate that estimates of the Wee rates van widely among populations; mere is lithe evidence Cat either FOV or CON vanes systematically with He error rate; for a specific population, none of Free rates appears to vary systematically as book value increases; error-absolute magnitude increases roughly in proportion to bow book and audit values, but the error magnitude relative to audit value is nearly constant as He audit value increases in magnitude; and inventory populations have widely ranging error rates, typically higher than accounts receivable. However, the usefulness of CON and RM as systematic measures of error magnitude would seem to be limited, since audit sample planning and selection are related to book value, not audit value.
From page 80...
... (1986) A Note on a Comparison of Bayesian with Non- Bayesian Dollar-Unit Sampling Bounds for Overstatement Errors of Accounting Populations.
From page 81...
... He also predicts that use of statistical sampling, particularly of Dollar Unit Sampling, win expand in auditing 81
From page 82...
... Bounds by Using a Pararnewc Model. Journal of Accounting Research, 24: 364-371.
From page 83...
... This is He earliest known publication proposing the use of monetary unit sampling in auditing. The suggested evaluation technique involved regarding the monetary uruts within any audit as being either correct or in en on For example, if an audit unit win a recorded amount of 100 doBars had an audited amount of 80 doDars, the 80 doBars of the 100 doBars were regarded as correct and the last 20 dollars were regarded as incorrect.
From page 84...
... 1961 van Heerden, A Steekproeven als Middel van Accountantscontrolex (Statistical Sampling as a Means of Auditing)
From page 85...
... . Considerations in Choosing Statistical Sampling Procedures in Auditing, Journal of Accounting Research, 13 Supplement: 38-52.
From page 86...
... A Discussant's Response to Computing Upper Error Limits in Dollar Unit Sampling.
From page 87...
... E Dollar Unit Sampling: Multinomial Bounds for Total Overstatement and Understatement Errors.
From page 88...
... Lillestol, I A Note on Computing Upper Error Limits In Dollar Unit Sampling.
From page 89...
... University of Georgia Center for Audit Research Monetary Unit Sampling Conference, March 24, 1981. Auditing: A Journal of Practice & Theory, -1: 92-103.
From page 90...
... and Smieliauskas, W A Simulation Study of He Perfonnance of Parametnc Dollar Unit Sampling Statistical Procedures, Journa1 of Accounting Research, 22 :S88-603.
From page 91...
... Accuracy of Auxiliary InforTnation Interval Emanation In Statistical Auditing. Journal of Accounting Research, 24: 57-75.


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