audit sampling aicpa
audit sampling techniquesAICPA auditing standardsstatistical audit samplingnonstatistical sampling guidanceauditor professional judgment
Discover the essential principles of audit sampling as guided by AICPA standards. This critical process allows auditors to select and evaluate less than 100 percent of a population, providing a reasonable basis for conclusions about the entire population. Understanding various audit sampling techniques, including both statistical and nonstatistical approaches, is crucial for effective and efficient audits, ensuring compliance with generally accepted auditing standards and managing audit risk.