Statistical Sampling

 Statistical Sampling:-


It is the principle, established by statistics, that every sample has the attributes of the population to which 

it belongs. It follows that from examination of such attributes of the sample, conclusions can be drawn 

from examination of every member of the population. Statistics recognizes that every member has certain 

662/3% to 97% confi dence level. It has further refi ned tools like stratifi ed sample to ensure that a small 

sample reasonably enlarges confi dence level. Statistical sampling is adopted by auditors and is an effective 

tool their attempt to express an opinion based on test checking on the sample. Sometimes statistical sample 

may be dangerous to the auditor not because the tool is defective but because the auditor’s knowledge 

of statistical sample is inadequate. However, if properly applied statistical sampling could enhance the 

objectivity of checking and as such auditor’s observation would be more correct.