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Audit sampling

AUD Chapter 20 · Area III · Blueprint III.C

Sampling is the most numerical topic in AUD and a regular source of simulations. The Blueprint asks four things: understand why and when sampling is used, pick the right population, choose the right method for a control test or a test of details, and project sample results to the population.

In this chapter

1. What sampling is, and what it is not
2. Sampling risk and nonsampling risk
3. Getting the population right
4. Sampling for tests of controls: attribute sampling
5. Sampling for tests of details: variables sampling
6. Monetary unit sampling
7. Monetary unit sampling: the table method
8. Selecting, projecting and concluding

This chapter has 8 lessons, 50 practice MCQs with explanations and 10 simulations, plus flashcards and a recall sheet.

What this chapter covers

• Purpose of sampling
• choosing the population
• attribute, variables and monetary unit sampling
• projecting results to the population

Chapter 19: Sufficient appropriate evidence · Chapter 21: Audit procedures: tests of controls, tests of details and analytics