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Unformatted text preview: Discovery and Sequential Sampling Sequential or Stop and Go Sampling This involves the selection of the smallest possible sample so that if failures don't occur, the auditor can conclude controls can be relied upon. If you find some errors, you pull another sample, if you find a lot of errors you quit. Discovery Sampling Purpose: to uncover at least one incident for investigation rather than estimate the maximum likely failure rate. Often used by internal auditors. It is a type of attribute sampling with zero EDR and low TDR...
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- Fall '08
- Statistics, Financial audit, sequential sampling, Controls Variables Sampling