One problem in auditing at present is the need to apply statistical sampling in practice. Statistical sampling is not separate from the process of auditing financial statement but has grown out of the development of the global economy and the dimensions of economic activity. The crux of variable sampling in auditing is introduced in this study. Classical variable sampling methods (MPU method, difference method, ratio method) are presented in detail while our analysis considers the advantages and disadvantages of individual techniques. The extrapolations of mistakes affirmed in the sample on populations are also presented.
In this article were presented some of the post crisis modern problems of audit development in the world and especially in the Republic of Armenia, discussed main issues of development of audit quality and oversight systems and mentioned advantages of adoption of international standards on auditing, professional education and auditors’ code of conduct.
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