Date of Award
Professor Margaret Wright
"The auditor's overall objective is to determine whether the accounting process is free from material error." To complete his objective, the auditor must thoroughly analyze all aspects of the financial statements used in the accounting process in order to satisfy himself that they fairly represent the results of activity for the period under audit and of the financial position at the end of that period. If the volume of the transactions is great, time and economic factors may keep the auditor from making a 100 percent examination. Since a complete examination cannot be made, the auditor must choose a portion of the transactions to analyze. When the auditor has to do this he has a sampling problem.
Metcalf, Marilyn, "The Auditor and Statistical Sampling Techniques" (1973). Honors Theses. 617.