Judgement sampling
Definition
Selection of audit items based on the auditor's professional assessment of where errors or weaknesses are most likely to exist. Results cannot be statistically projected to the full population but are useful for targeted testing of high-risk areas or small populations.
Related terms
- Attribute sampling
- A statistical sampling method that tests whether each selected item either has or lacks a specified attribute, for example whether a change...
- Confidence level
- An explicit label attached to an attribution assessment indicating how strongly the available evidence supports the conclusion. Standard tiers are low, medium,...
- Tolerable deviation rate
- The maximum error rate the auditor is willing to accept in the population without modifying the audit conclusion. If the projected error...
- Upper error limit (UEL)
- The maximum error rate that could exist in the population at the chosen confidence level, given the number of exceptions found in...
- Working paper
- The documented record of an audit procedure: what was tested, how items were selected, the evidence obtained, any exceptions found, and the...
Explained in
- Audit Sampling Techniques and Working PapersSelection of audit items based on the auditor's professional assessment of where errors or weaknesses are most likely to exist. Results cannot be statistically...