sampling

Audit sampling design applies statistical and non-statistical methods to control tests and substantive procedures. The workflow guides you through sampling method selection, sample size calculation, item selection, testing execution, and result evaluation based on the CSA 1310 standard.

Statistical sampling uses probability theory for sample selection and result evaluation, while non-statistical sampling relies on auditor judgment. This skill supports both approaches for control testing and substantive procedures, allowing method selection based on your specific audit objectives.

Sample size calculation for control tests uses default sampling parameters from the Practice Profile, including acceptable misstatement levels. The skill applies CSA 1310 standard requirements to determine appropriate sample sizes based on your selected statistical or non-statistical sampling method.

Yes, the skill integrates with Practice Profile to provide default sampling parameters and acceptable misstatement thresholds for substantive procedures. This streamlines the setup process while maintaining compliance with CSA 1310 standards for audit sampling execution.

Audit sampling limitations include inherent sampling risk, where results may not represent the full population. The skill addresses this through structured result evaluation steps, but users must still apply professional judgment when interpreting findings from both statistical and non-statistical samples.

Audit sampling for control tests evaluates operating effectiveness of internal controls, while substantive procedures verify account balances and transactions. The skill supports both workflows, applying CSA 1310 standards to guide appropriate method selection and sample execution for each audit objective.