Application of Monetary Unit Sampling Based on Extended Audit Game

On account of the lack of monetary unit sampling（ MUS）, an extended audit game model based on uncertainty information,which centers on audit risk and combines audit game with statistical sampling,is established to improve the effectiveness of audit risks analysis and sampling errors control. In this...

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Bibliographic Details
Published in东华大学学报（英文版） Vol. 32; no. 3; pp. 419 - 425
Main Author 朱佳俊 陈克明 郑建国
Format Journal Article
LanguageEnglish
Published Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China%Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China 30.06.2015
School of Business, Jiangnan University, Wuxi 214122, China
Subjects
game-theoretic
extended audit
monetary unit sampling(MUS)
audit risk
sampling
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ISSN1672-5220

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Summary:On account of the lack of monetary unit sampling（ MUS）, an extended audit game model based on uncertainty information,which centers on audit risk and combines audit game with statistical sampling,is established to improve the effectiveness of audit risks analysis and sampling errors control. In this paper,an example concerning practical problems is given to demonstrate the process of extended audit game and confirm the truth of the effectiveness of the method. Not only does this method enhance the role of audit technology and the extension of audit procedures in deterring material irregularities,but also helps the auditors measure and control audit risk and sample sizes under uncertainty,conducive to improving the effect of cost control,risk evaluation,and decisionmaking optimization in audit sampling.
Bibliography:ZHU Jia-jun, CHEN Ke-ming , ZHENG Jian-guo（1. School of Business, Jiangnan University, Wuxi 214122, China 2 Glorious Sun School of Business and Management, Donghua University, Shanghai 200051, China）
31-1920/N
monetary unit sampling（ MUS ） ; extended audit; audit risk;game-theoretic; sampling
On account of the lack of monetary unit sampling（ MUS）, an extended audit game model based on uncertainty information,which centers on audit risk and combines audit game with statistical sampling,is established to improve the effectiveness of audit risks analysis and sampling errors control. In this paper,an example concerning practical problems is given to demonstrate the process of extended audit game and confirm the truth of the effectiveness of the method. Not only does this method enhance the role of audit technology and the extension of audit procedures in deterring material irregularities,but also helps the auditors measure and control audit risk and sample sizes under uncertainty,conducive to improving the effect of cost control,risk evaluation,and decisionmaking optimization in audit sampling.
ISSN:1672-5220