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Audit Sampling (Definition of Sampling? (an application of an audit…

- - - - Systematic sample selection
      - Probability proportional to size
      - Simple random number selection
      - Stratified sample
- - - - The risks that the audit test do not uncover existing exceptions in the sample. The two causes are :
        
        Auditor failure to recognize exceptions
        
        Inappropriate / ineffective audit procedures
    - - The risks that an auditor reaches an incorrect conclusion because the sample is not representative of the population. Can be controlled by :
        
        Adjusting the sample size
        
        using an appropriate method of selecting
        items