Dollar-unit sampling a practical guide for auditors /Donald A. Leslie, Albert D. Teitlebaum, Rodney J. Anderson. by Donald A. Leslie

Cover of: Dollar-unit sampling | Donald A. Leslie

Published by Pitman, 1980. in London .

Written in English

Read online

Subjects:

  • Auditing,
  • Sampling (Statistics)

Edition Notes

Includes index.

Book details

ContributionsAnderson, Rodney J., 1935-, Teitlebaum, Albert D.
The Physical Object
Pagination409 p. :
Number of Pages409
ID Numbers
Open LibraryOL19563065M

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Dollar Unit Sampling: A Practical Guide for Auditors. by Leslie Teitlebaum Anderson (Author) out of 5 stars 2 ratings. ISBN ISBN Cited by: Dollar-unit sampling: a practical guide for auditors Donald A.

Leslie, Albert D. Teitlebaum, Rodney J. Anderson Copp Clark Pitman, Jul 1, - Business & Economics - pages. Dollar Unit Sampling: A Practical Guide for Auditors by Anderson, Leslie Teitlebaum and a great selection of related books, art and collectibles available now at Find helpful customer reviews and review ratings for Dollar Unit Sampling: At first sight this looks like any other old () book on sampling for auditors, and it isn't at all easy to read.

However, the methods described are simple and powerful - much more so than many /5. Dollar unit sampling can be thought of as employing the ultimate in stratification by book amount.

No further stratifica-tion by book amount is possible with dollar units because all sampling units are of exactly the same size in terms of book value.

Consequently, dollar unit sam-pling incorporates efficiency advantages. A transaction for $40, for example, contains 40 sampling units. Auditors usually use monetary unit sampling to sample and test accounts receivable, loans receivable, and inventory.

Here’s an example of how monetary unit sampling works. The audit client’s accounts receivable book value is $, and the sample size is set at 96 records. Monetary Unit Sampling (MUS), also known as Dollar-Unit Sampling, is a popular sampling strategy in Auditing, in which all units are to be randomly selected with probabilities proportional to the book value.

However, if units sizes have very large variability, no vector of probabilities exists fulfilling the requirement that all probabilities. The basic idea is that each dollar is a sampling unit, and as such, this method is more likely to select higher dollar items for testing.

This method goes by several names, including monetary unit sampling, dollar unit sampling, or probability proportional to size. Dollar Unit Dollar unit sampling is a type of unit is defined as an individual dollar, with each dollar having an equal chance of selection. Dollar unit sampling selects individual dollars, which are then tied to physical units Physical Unit Physical unit sampling is a type of variable sampling in which the sampling.

Chapter 9: Dollar Unit Sampling study guide Dollar-unit sampling book chrissy_9_11 includes 35 questions covering vocabulary, terms and more. Quizlet flashcards, activities and games help you improve your grades.

Dollar-unit sampling by Donald A. Leslie; 3 editions; First published in ; Subjects: Auditing, Sampling (Statistics), Statistical methods. Dollar-unit sampling: A practical guide for auditors: Donald A Leslie: Books - 5/5(1). Dollar-Unit Sampling ROBERT S.

KAPLAN* The most interesting new development for statistical sampling in audit-ing has been the recent series of articles describing Dollar-Unit Sampling (DUS).

While such a procedure has been part of the Haskins and Sells AUDITAPE system for many years, it has only been with the appearance of. MUS is a subset of a broader class of procedures referred to as probability proportional to size (PPS) sampling.

Variations of MUS sampling are known as dollar unit sampling, cumulative monetary amounts (CMA) sampling, and combined attributes/variables sampling. The chapter explores the advantages and disadvantages of MUS sampling.

Sampling (Statistics) Auditing Dollar-unit sampling; Notes. Auditing. Dollar-unit sampling (BNB/ PRECIS) With answers to review questions. - Text on lining papers. Bibl.: P - Index. Language. English ISBN. Dewey Number. // Libraries Australia ID. ; Contributed by Libraries Australia.

Additional Physical Format: Print version: Leslie, Donald A. Dollar-unit sampling. London [England]: Pitman ; San Francisco: Fearon-Pitman Publishers, ©   Monetary unit sampling (MUS) is a statistical sampling method that is used to determine if the account balances or monetary amounts in a population contain any misstatements.

Each individual dollar in the population is considered a sampling unit, so that account balances or amounts in the population with a higher value have a proportionally higher chance of being selected. – Dollar-Unit Sampling by Leslie, Teitlebaum & Anderson Thank you for your time today.

Kurt Johnson [email protected] Example PPS (Dollar-Unit) Sampling A small company wants to audit employee travel expenses in an effort to improve the expense reporting procedure and possibly reduce expenses. The company does not have resources to examine all expense reports and wants to use statistical sampling to objectively select expense reports for audit.

Dollar Unit Sampling (DUS) procedure expressed in dollar amounts showing that a given attribute has been exceeded. The accountant combines a probability proportionate to size sampling of audit units, which have an upper level prediction of possible error based on dollar mistakes uncovered in the sample, with an attribute derived from probabilitydetermination.

If variable sampling will be used, the auditor is required to select either physical unit or dollar-unit sampling. If attribute sampling will be used, the auditor shall identify whether it is being used for acceptance or estimation. For attribute sampling, establish the desired sampling reliability parameters.

The auditor must identify the minimum acceptable level at which the auditor is willing to express an. Monetary Unit Sampling (MUS) is a statistical sampling method used to determine if the account balances or monetary amounts in a population contain any misstatements.

Each individual dollar (i.e. monetary unit) in the population is considered a sampling unit, thus account balances or amounts in the population with a “higher value have a proportionately higher chance” of being selected. Monetary unit samplingMonetary unit sampling is a commonly used sampling procedure to estimate an accountbalance (or other) based upon a random sample taken.

This sampling method is alsoknown as probability proportion to size or dollar unit sampling. Dollar-unit sampling: A practical guide for auditors: Donald A Leslie: Books - or: Donald A Leslie.

July GAO/PCIE Financial Audit Manual Forward-1 Financial Audit Manual Foreword On behalf of the General Accounting Office (GAO) and the President’s Council on Integrity E Sampling F Manually Selecting a Dollar Unit Sampling.

Contents July GAO/PCIE Financial Audit Manual Contents-4 REPORTING PHASE. In some cases of dollar unit sampling from a particularly small sampling universe, with version a high dollar item might be erroneously listed as a sample.

F Performing Manual Dollar Unit Sampling December GAO Financial Audit Manual Contents Contents REPORTING PHASE audit requirements beyond the Yellow Book, and December GAO Financial Audit Manual Page - Introduction Certified Public Accountants, that are incorporated into GAGAS and.

Calhoun: The NPS Institutional Archive DSpace Repository Theses and Dissertations Thesis and Dissertation Collection A comparison of the basket method and dollar. Dollar-unit discovery sampling. Items are weighted by size and numbers are assigned to dollar amounts.

Numbers are picked and every item with specified dollar amount is tested. Dollar-unit sampling. Also known as monetary-unit sampling.

The larger the dollar value, the higher the probability that it will be selected for review. Can be used for both compliance audits and substantive tests. Advantages and Disadvantages of Monetary Unit Sampling. The sampling technique used to determine the fairness of financial account balances is termed as monetary unit sampling (MUS).

All the monetary unit items like account receivables, loans receivables, and inventory are tested in this procedure. some form ofMUS. The version of MUS used in this study is a simplified version of the Dollar Unit Sampling (OUS) method described in Leslie, Teitlabaum and Anderson [).

The sampling method used in this approach isthe systematic selection method. This method divides the total population ofdollars into equal groups and intervals ofdollars. Sampling Techniques That Work for Public Sector Auditors IIA, San Diego Ma Lois W.

Sayrs, Ph.D. "Dollar unit sampling" focuses on the dollars in a given accounting population. The audit team used this method for review of General Dynamics' incurred direct costs. According to the DCAA Contract Audit Manual, dollar unit sampling is a valid technique to account for the reasonableness of.

The book values, audit values, selection probabilities and errors of all accounts are tabulated in Table ion probability is the probability of an account being selected from all the 87 accounts, equal to the book value of an account divided by the total book balance $, (e.g.

for account 3, the selection probability = /, = ). On the Comparison of Dollar-Unit and Stratified Mean-Per-Unit Estimators Article in Contemporary Accounting Research 3(1) - April with 4 Reads How we measure 'reads'.

Edwards has decided to use probability proportional-to-size (PPS) sampling, sometimes called dollar-unit sampling, in the audit of a client's accounts receivable balance. Few, if any, misstatements of the account balance are expected.

Edwards plans to use the following PPS sampling table: a. QUESTIONS AND ANSWERS Auditing Homework Help, Online Auditing Assignment & Project Help Distinguish between: a) Attribute sampling and variable sampling b) Sampling risk and non sampling risk c) Alpha risk and beta risk.

Attribute sampling and. Monetary Unit Sampling (MUS), also known as Dollar-Unit Sampling, is a popular sampling strategy in Auditing, in which all units are to be randomly selected with probabilities proportional to the.

Dollar unit sampling We first present a detailed example of dollar unit sampling and an explanation of the various kinds of errors to provide a contextual framework for the description of the bounds.

The example is taken from Clayton (). Imagine there exists a. True False Question #5 (PQ) The main advantage of PPS sampling is that sample size is unaffected by the number of differences between the book values and audit values of items involved.

(PPS sampling) Edwards has decided to use probability-proportional-to-size (PPS) sampling, sometimes called dollar-unit sampling, in the audit of a client’s accounts receivable balance.

Few, if any, errors of overstatement are expected. Edwards plans to use the following PPS sampling table.audit guide audit sampling Download audit guide audit sampling or read online books in PDF, EPUB, Tuebl, and Mobi Format. Click Download or Read Online button to get audit guide audit sampling book now.

This site is like a library, Use search box in the widget to get ebook that you want.Hill has decided to use monetary-unit sampling (MUS), sometimes called dollar-unit sampling, in the audit of a client’s accounts receivable balances. Hill plans to use the following MUS sampling table: TABLE 1 Reliability Factors for Overstatements Risk of Incorrect Acceptance Number of.

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