search query: @author Ward, B. H. / total: 3
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| Author: | Thompson, J. H. Ward, B. H. |
| Title: | Statistical risk control strategies used to evaluate substantive audit tests |
| Journal: | Managerial Auditing Journal (IAE)
1993 : VOL. 8:4, p. 3-12 |
| Index terms: | ACCOUNTING AUDITING TESTS RISK CONTROL |
| Language: | eng |
| Abstract: | This article examines statistical control of the audit risks associated with detailed substantive testing. In particular, the authors are concerned with "ex post" risk control in circumstances in which "ex ante" and "ex post" sampling risk levels will necessarily differ. They also report results of an exploratory empirical investigation of auditors' behavioural preferences concerning risk control, when confronted with differences between planned and achieved sampling results. The most important finding of this study is that auditors, confronted with minimal reliance on internal control, are more willing to base audit decisions on statistical evaluation when the trade-off approach to hypothesis testing is used. |
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