Dimitrova, Janka and Gorgieva-Trajkovska, Olivera and Koleva, Blagica and Kocevska, Frosina and Dimitrova, Eftimija (2019) The application of the sample method in the audit process by the audit companies in the Republic of North Macedonia. Economic Development, Journal of the Institute of Economics - Skopje. ISSN 1857-7741
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Abstract
The audit process is an activity carried out by certified auditors employed
in audit companies in order to prepare an audit report and an opinion on
the truthfulness and accuracy of the information presented in the financial
statements, on the basis of which interested stakeholders make business
decisions. The audit raises the credibility of the financial statements. The
audit involves the application of a number of audit procedures and tests in
order to provide sufficient and adequate audit evidence which is a basis for the
audit opinion.
As a tool for implementing a fast, efficient, effective and economical
audit, the sample method in audit is applied. The choice of a representative
sample of items that will represent the overall population of items subject to
audit requires the knowledge and skills of the auditor who is conducting the
audit.
How much, when and why the auditors apply the sample method in
the audit, is subject of an empirical survey conducted by the audit firms in
the Republic of North Macedonia, and the results of the research and the
conclusions are presented in this paper.
Key words: audi; information; financial reports; population; sample
method
JEL classification: M42
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Olivera Trajkovska |
| Date Deposited: | 17 Dec 2019 10:34 |
| Last Modified: | 17 Dec 2019 10:34 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/23110 |
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