Abstract
The choice of statistical sampling procedures in auditing encompasses selecting (1) a method of sampling, (2) one or more statistics to be calculated from the sample, and (3) a methodology for assessing the sample results. It is the premise of this paper that the audit objectives, the environment in which the audit occurs, and the audit procedures utilized greatly influence the choice made. Since these factors vary widely from one audit situation to another, no one statistical sampling procedure is likely to be appropriate for all circumstances. In this paper, we consider the effects of audit objectives, the environment, and audit procedures on the selection of a sampling procedure and the specific design of the sample. The discussion will focus on some of the major considerations in the selection of a sampling procedure and the design of the sample and is not intended to include every possible consideration. We conclude the paper with a simple, tentative model of a decision process which an auditor might utilize in choosing a statistical sampling procedure.
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