Audit Sampling
Audit sampling is the application of audit procedures to less than 100% of the total population and all the items in the population have the same chance to be selected.
Importance of Audit sample
Audit sampling is really important because it doesn’t only help auditors to gather sufficient and appropriate audit evidence to draw the audit’s opinion, but also plays a very important part in the audit’s works’ efficiency and effectiveness. That mean auditor is not required to check 100% of object or items to let them express their opinion.
To ensure that the selected items could represent the total population, the selection process and methods should not involve too much from human judgments and should be avoiding bias from auditors.