Audit Sampling
Accounting glossary · Understand, connect, apply
Audit sampling applies an audit procedure to a subset of items to draw a conclusion about a defined population.
Example
An auditor selects a sample from the year’s dispatch records to estimate whether missing invoices could be a wider problem.
Remember the difference
Choosing only the largest items provides evidence about those items. A sample intended to support a population conclusion needs a selection method suited to that purpose.
Browse the accounting glossary · PCAOB reference: AS 2315
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Examples are simplified for learning. Where a term depends on US law, IFRS, US GAAP or a historical rule, check the context explained above and the requirements relevant to your course.
Study references: OpenStax financial accounting and managerial accounting. For reporting requirements, consult the applicable IFRS Standards or FASB guidance. US tax terms should be checked against the relevant tax-year IRS instructions.
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