Statistical Sampling and Risk Analysis in Auditing

This book is aimed at those with responsibilities for audit, risk and control - auditors of course - but also finance directors, audit committee members, project accountants, systems designers and other professionals too. Working under pressure, these people often need to take account of theory and best practice but strike a balance with the practical demands of their workplace. This booka€?s practical emphasis on meeting the ever-changing needs of clients and auditees will benefit a wide audience by helping readers to: a€￠ select a suitable, practical sampling approach a€￠ appreciate the statistical implications a€￠ evaluate the results of audit testing a€￠ take account of risk and control evaluation in targeting valuable audit resources. It does this by laying out the principles behind a concept and then grounding them in a€?real lifea€? cases for the reader to work through. These are accompanied by suggested solutions which, while not definitive answers, do provide valuable advice and guidance. Finally the range of appendices, including a complete copy of the statement of auditing standards, SAS 430, make this book an essential resource for everyone concerned about modern auditing.

Peter Jones has long been directly involved in both internal and external audit. He has written and taught successfully on audit, business and related topics over many years. Peter is the Director of IACS (Internal Audit Consultancy Services), a company dedicated to providing quality services and training to internal auditors in public and private enterprises.