Statistical Sampling in Auditing: A Simulation.

Abstract

A knowledge and acceptance of statistical sampling is Important to any student interested in becoming a professional accountant. However, the demands in the auditing course are such that sampling does not receive the emphasis it requires to enable the student to understand and accept it. Therefore, to provide the student the opportunity to perform statistical sampling and to experiment in an academic setting, a computerized simulation was developed. The simulation is flexible and easy to use, and by eliminating most of the mechanical aspects of sampling, enables the student to concentrate on achieving an in-depth understanding and an acceptance of sampling's place in the auditing process.