THE FOUR ROLES OF SAMPLING IN AUDITING: REPRESENTATIVE, CORRECTIVE, PROTECTIVE, AND PREVENTIVE

Abstract

The role of sampling in auditing is reviewed and new objectives are introduced for the sampling process. In addition to the traditional objectives of estimation and acceptance sampling which we label representative sampling, we suggest the following objectives: connective sampling which aims at maximizing the number of errors found in the sample so that these may be corrected, protective sampling which wishes to maximize the dollar value of those items included in the sample, and preventive sampling which attempts to minimize brands by taking random samples in all possible control areas. Ideal samples are developed and a simple example discussed to illustrate each of the sampling objectives.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1969
Accession Number
AD0692429

Entities

People

  • R. S. Kaplan
  • Yuji Ijiri

Organizations

  • Carnegie Mellon University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Accounting
  • Auditing
  • Data Science
  • Information Science
  • Inventory
  • Judgment
  • Knowledge Management
  • Military Research
  • New York
  • Precision
  • Sampling
  • Standards
  • Statistical Inference
  • Statistical Samples
  • Statistical Sampling
  • Statistics

Readers

  • Defense Financial Management and Audit.
  • Regression Analysis.
  • Systems Analysis and Design