Category
page 1Auditing terms
sampling error
in statistics, error that occurs solely as a result of using a sample from a population, rather than the whole population
audit trail
chronological record keeping track of a sequence of activities for security purposes
separation of duties
Audit risk
risk that an auditor may issue an unqualified report due to the auditor's failure to detect material misstatement either due to error or fraud
materiality
relating to the importance of an amount, transaction, or discrepancy