Audit sampling implies the gathering of evidence to use as a basis for making valid inferences about the characteristics of the population as a whole without examining every transaction.

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Audit sampling involves choosing a representative sample of the population of transactions and examining them to draw conclusions about the entire population without examining every single transaction. This allows auditors to efficiently test the accuracy and completeness of financial statements while minimizing time and cost.

Audit Sampling Implies the Gathering of Evidence to Use as a Basis