Sampling valences and limits in the financial audit

Author:University Professor, PhD. Ana MORARIU, PhD. student Flavia STOIAN

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Keywords:audit sampling, population, sampling risk, non sampling risk, representative sample

Abstract:
The article develops the issues related to the audit sampling, methods used in order to establish the size of the samples and points out a practical way to statistically establish their size. \r\n\r\nThe financial audit is a complex process, which consist in gathering together and assessing in an objective and systematic manner of the issues related to the assertions, referring to the economic facts and events. It is performed in an environment full with uncertainties which attack the balances and which can influence the decisional centers. \r\n\r\nThe audit evidence represents the information obtained by the auditors when they reach the conclusions on which the audit opinion will be based. In the activity performed, the auditor should gather sufficient audit evidence, just and strong. In practice it is not possible or efficient to examine every element. For this reason in the financial audit activity it is necessary to use the sampling which means to apply some audit procedures on a part from the total population which is audited, in order to obtain certain audit evidences which will characterize the whole population. \r\n\r\nThe research by sampling continuously expands its area of investigation due to its multitude of advantages. It is the reasoning of this article to present the sampling limits and valences in the financial audit.\r\n

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