Sampling Techniques

Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 30 min read, ~4,493 words.

AU-C 530 governs all audit sampling. Statistical and nonstatistical sampling are both acceptable when professional judgment is properly applied. Attribute sampling for tests of controls measures the deviation rate against the tolerable rate. Variables sampling for substantive dollar tests projects misstatement against tolerable misstatement. MUS / PPS when overstatement is...

What this lesson covers

• Content
• Example 1
• Example 2
• Example 3
• Example 4
• Example 5
• Example 6
• Example 7
• Example 8
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• III.C1

Browse all free CPA AUD lessons or jump into free CPA AUD practice questions.