This refers to the technique of reviewing a representative subset of transactions in order to provide evidence to support an audit opinion.
Audit sampling enables the auditor to focus on key points in the transaction cycle and enables opinions to be developed without the need for full scrutiny of every single transaction. In devising audit samples, auditors must ensure that the sample selected is a representative of the population; typically using techniques such as random selection, systematic selection, monetary unit sampling, haphazard selection and block selection.
Audit sampling is a term normally found in auditing.
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