International Auditing Standards in the United States, 2nd Edition

CHAPTER 9

Audit Sampling

The purpose of this chapter is to discuss the following issues:

• Selecting items for sampling
• Determining appropriate sample size
• Determining whether and when to use statistical sampling techniques
• Differences between auditing techniques required by International Standards on Auditing (ISA) and the Public Corporation Accounting Oversight Board (PCAOB)
• Implications of these differences in required techniques for auditors

Evolution of the PCAOB Standards on Audit Sampling

The focus of this chapter is audit sampling. Internationally, sampling guidelines are provided by ISA 530 entitled Audit Sampling. The purpose of ISA 530 is to establish standards and provide guidance on the use of audit sampling procedures and other ...