Statistical Instruments Used In The Audit Process

Atanasiu Pop () and Claudia Urdari ()
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Atanasiu Pop: Babes-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca, Romania
Claudia Urdari: Babes-Bolyai University, Faculty of Economics and Business Administration, Cluj-Napoca, Romania

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2010, vol. 2010SE, 63-68

Abstract: This study is about the importance of statistical instruments in the audit process. No theory has any value without a practical finality. If we are not using adequate tools and technologies to highlight the importance of the audits from a practical standpoint, we wouldn’t be able to improve on the audit systems. As in any emerging field we need a lot of feedback. The process starts by developing a theory, applying the theory in the field, analyzing the results, make needed changes and corrections, and then, if necessary, revise the theory. Thru this kind of process the statistical audit instruments (tools) are at the foundation of theories, analysis, continuing a cycle meant to bring improvements in this field. Considering that we can not analyze the whole audit process, the most utilized technique is poll-ing. In order for the results to be correct we need to ensure that we have a fair representation both as subject and as scale. We also have to keep in mind the human error margin. All the results are being analyzed by an auditor, who needs to be objective and very careful in handling the data. It is the audi-tor’s ultimate responsibility to ensure that the final conclusions drawn at the end of the audit process are correct and provide useful information to the customers."

Keywords: audit; statistical instruments (search for similar items in EconPapers)
JEL-codes: C44 H83 M42 (search for similar items in EconPapers)
Date: 2010
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