Lesson: Sampling Techniques Objectives

This lesson delves into the purpose and application of sampling techniques in an engagement, emphasizing the importance of understanding the rationale behind these methods. The lesson also covers the processes and procedures for conducting sampling, as outlined by the AACPA, and introduces specific sampling techniques often used in the auditing field. It discusses the process of extrapolating the characteristics of a population from a sample of items and relates similarities to statistical approaches, with a focus on audit-specific applications.