Evaluation of misstatements identified when applying statistical sampling procedures in audit

Subject. This article deals with the issues of evaluating misstatements identified in the course of applying statistical sampling procedures, based on the requirements of International Standards on Auditing. Objectives. The article aims to substantiate the choice of the technique of processing the results of checking the elements of statistical sampling. Methods. For the study, we used analysis and synthesis. Results. The article proposes a point-estimation technique to predict the most likely misstatement in the general population, based on the position of mathematical statistics on the assessment of the general average for the sample mean, as well as the author-developed methodology for assessing the risk of sampling, based on solving the problem inverse to the problem of constructing a confidence interval, taking into account the influence of risk not related to the risk of sampling. Relevance. The theoretical significance of the developed techniques lies in the development of the provisions of the International Standards on Auditing (International Standard on Auditing (ISA) 450 – Evaluation of Misstatements Identified during the Audit and International Standard on Auditing (ISA) 530 – Audit Sampling). The practical significance lies in the possibility of using the proposed techniques by auditors and audit firms in the implementation of statistical sampling procedures.