Audit sampling Learning objective It is inefficient for auditors to test every transaction and record when auditing the financial statements; instead, samples of transactions and balances are used. In this assignment, you will learn to identify which sampling method is most appropriate in different circumstances. The sampling methods available to auditors are: random selection systematic selection haphazard selection block selection judgemental selection There are advantages and disadvantages associated with each of these sampling methods, but the auditor must choose the method that allows them to make a conclusion on the entire population based on the results of testing the sample. Stratification (dividing a population into smaller groups with similar characteristics) can be used prior to any of the sampling methods mentioned above. Required For each of

the procedures you designed in assignment 8 (documented in working paper A82), in working paper A91, determine which method of audit sampling should be used and justify your choices.