What Is Audit Sampling and What Are the Instances When

question 25

Essay

What is audit sampling and what are the instances when the auditor finds sampling appropriate?

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Definitions:

Meaningful Patterns

Coherent sequences or configurations that are significant or have a purpose, often identified through the analysis of data or observations.

Large Datasets

Collections of data that are so large and complex that traditional data processing applications are inadequate.

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Expertise

A high level of knowledge or skill in a particular area, often gained through experience, education, and practice.