Sequential sampling in the public sector audit procedure
DOI:
https://doi.org/10.5937/Rev2194081SKljučne reči:
Public sector audit; sequential statistical analysisApstrakt
A fundamental weakness of the audit procedure of financial statements in the public sector is eliminating the functionality of sampling and thus the importance of the concept of materiality. The experience of the State Audit Institution (SAI) shows that 100% of the examination of documentation dominates in practice. Non-statistical sampling methods have a significant advantage because they put the scope of testing in the foreground as a matter of professional audit judgment. In contrast, statistical sampling requires the use of a statistical apparatus, usually an interval of confidence, which may or may not be decisive in determining the magnitude of the error. In addition, the importance of spending budget money requires the highest levels of accuracy in testing documentation, which extrapolated to the population does not have to be significant.
Reference
Jovković, B. (2010) „Primena postupaka uzorkovanja revizora za svrhu testiranja kontrola preduzeća klijenta”, Ekonomski horizonti, 12, (2), str.133-153.
Međunarodni standardi revizije (2013) Ministarstvo finansija Srbije, Beograd.
Negovanović, M. (2003) „Koncept materijalnosti u reviziji finansijskih izveštaja“, Revizor, бр. 23
Stanojević, Ljubiša (1982) „Značaj nestatističkih testova i uzoraka za obavljanje revizije“, Knjigovodstvo br. 8
Stanojević, Ljubiša (2006) „Sekvencijalno uzorkovanje u revizji“, Finansije, Bankarstvo, Revizija, Osiguranje, Univerzitet Singidunum
Boynton, W. C., Johnson, R. N. (2006) “Modern Auditing”, John Willey & Sons, Inc.
Wald, Abraham (1947) Sequential Analysis, John Wiley and Sons, New York
Whitngton, R., Pany, K. (2004.) “Principles of Auditing and Other As¬ surance Services”, The McGraw- Hill Companies, str. 325
