SAMPLING TECHNIQUES USED IN THE AUDIT MISSION
SAMPLING TECHNIQUES USED IN THE AUDIT MISSION

Summary/Abstract: Achieving the audit mission needs to aim at reasonable costs and that is why, in collecting the audit samples, the exhaustive technique for verifying the events, transactions information in the financial situations was replaced by the sampling technique. The audit samples may be obtained through the sampling technique, the exhaustive technique, which thoroughly (100%) examines all the elements, the specific elements selection technique. The sampling technique reduces the time needed to draw conclusions or express opinions, reducing therefore the costs. The International Audit Standards defines the sampling technique as the method of applying the audit procedures to less than 100% of the elements that compose the balance of account, transaction classes, providing equal possibilities for all the elements to be selected for audit samples. In establishing the sample one will take into account the objectives of the audit and the total number of elements subject to auditing, out of which the elements composing the sample will be selected.

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