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Sampling is a methodology used for a variety of purposes in different professions. For performance auditors, it could be a cost-effective and compelling way of collecting the evidence they need to substantiate their reports.

However, in order to successfully use sampling, it is necessary to have at least a basic understanding of sampling approaches and methods and how to apply them. It is also essential to be aware of the limitations and risks that they involve. Have a look at CAAF's newest publications to learn more.

NEW PRACTICE GUIDE...

Sampling Methodology for Performance Audits

This Practice Guide covers the basic concepts, approaches, and methods that auditors should be familiar with to select and apply appropriate sampling methodology in performance audits. For example, it discusses:

• the main types of sampling approaches and methods that can be used in performance audits
• the key factors that affect sampling
• the steps that need to be taken in the planning and examination phases of performance audits to select and apply appropriate sampling approaches and methods
• the limitations and risks of using sampling as an audit procedure
• what to consider when reporting the results obtained from a sample

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