Audit Sampling Characteristic
Audit
sampling characteristics may be explained in terms of less than 100% , equal
chance of selection, projection about population, sampling risk,
1. Less than 100%
In Audit sampling less than 100% population
is examined. Audit sampling is fundamental for audit.
2. Equal Chance of Selection
In
audit sampling, each item must have equal chance of selection. It means audit sampling
should be free from any biased.
3. Conclusion about Population
Audit
sampling results are projected to draw conclusion about population. Auditor
form conclusion based on the result or audit evidence gathered from sampling.
It means audit sampling results are projected to population.
4. Sampling Risk
Audit
sampling to risk of drawing wrong conclusion, it means that audit draw a
conclusion based on sampling, which does not represent population. For example
sampling suggests misstatement exist, but in fact it does not.
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