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On sample size allocation in auditing

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  • ULRICH MENZEFRICKE
  • WALLY SMIELIAUSKAS

Abstract

. Scott (1973) suggested a model for sample size allocation in auditing which uses as a criterion the minimization of costs of misestimation and sampling costs. We extend his model by incorporating the binomial†normal model for errors of Menzefricke and Smieliauskas (1984). Résumé. Scott (1973) a proposé un modèle de répartition des tailles d'échantillon, en vérification, dont le critère est la minimisation des coûts attribuables aux estimations erronées et des coûts d'échantillonnage. Les auteurs élargissent ce modèle en y incorporant le modèle binomial†normal pour les erreurs de Menzefricke et Smieliauskas (1984).

Suggested Citation

  • Ulrich Menzefricke & Wally Smieliauskas, 1988. "On sample size allocation in auditing," Contemporary Accounting Research, John Wiley & Sons, vol. 4(2), pages 314-336, March.
    • Handle: RePEc:wly:coacre:v:4:y:1988:i:2:p:314-336
    DOI: 10.1111/j.1911-3846.1988.tb00669.x
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    References listed on IDEAS

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    1. Felix, Wl & Grimlund, Ra, 1977. "Sampling Model For Audit Tests Of Composite Accounts," Journal of Accounting Research, Wiley Blackwell, vol. 15(1), pages 23-41.
    2. Wally Smieliauskas, 1986. "Control of sampling risks in auditing," Contemporary Accounting Research, John Wiley & Sons, vol. 3(1), pages 102-124, September.
    3. Menzefricke, U, 1983. "On Sampling Plan Selection With Dollar-Unit Sampling," Journal of Accounting Research, Wiley Blackwell, vol. 21(1), pages 96-105.
    4. Menzefricke, U & Smieliauskas, W, 1984. "A Simulation Study Of The Performance Of Parametric Dollar Unit Sampling Statistical Procedures," Journal of Accounting Research, Wiley Blackwell, vol. 22(2), pages 588-604.
    5. Ulrich Menzefricke & Wally Smieliauskas, 1987. "A comparison of the stratified difference estimator with some monetary†unit sampling estimators," Contemporary Accounting Research, John Wiley & Sons, vol. 4(1), pages 240-251, September.
    6. Heimann, Sr & Chesley, Gr, 1977. "Audit Sample Sizes For Aggregated Statement Accounts," Journal of Accounting Research, Wiley Blackwell, vol. 15(2), pages 193-206.
    7. Jane Ham & Donna Losell & Wally Smieliauskas, 1987. "Some empirical evidence on the stability of accounting error characteristics over time," Contemporary Accounting Research, John Wiley & Sons, vol. 4(1), pages 210-226, September.
    8. Paul V. Dunmore, 1986. "On the comparison of dollar†unit and stratified mean†per†unit estimators," Contemporary Accounting Research, John Wiley & Sons, vol. 3(1), pages 125-148, September.
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    Cited by:

    1. Wally Smieliauskas & Lloyd Smith, 1990. "A theory of evidence based on audit assertions," Contemporary Accounting Research, John Wiley & Sons, vol. 6(2), pages 407-426, March.

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