Audit Sampling

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Hi a bit stuck.

What 3 factors would i take into account when determing my sample size?

I know two which is materiality and population size.

Anyone got anymore tips on passing audit?

Thanks.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Audit Sampling

    I completed my audit unit last term. I think the Tolerable error would also be one of the factors to take into account, along with population and materiality. I hope this helps you.

    Good Luck
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Audit Sampling

    Hi,

    The associated risk of the area that you are sampling is important,the higher the level of risk, the larger sample and vice versa.

    Dave

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