Audit Sampling Strategy Checklist ( AUDIT )

This checklist is designed to guide auditors in determining the appropriate sampling strategy for an audit process, ensuring that the sample selected is representative and supports the audit objectives.

• Define Audit Objectives

  Clearly outline the objectives of the audit to determine what needs to be assessed through sampling.

• Identify Population

  Determine the complete set of data or transactions that will be subject to the audit.

• Select Sampling Method

  Choose an appropriate sampling method (random, stratified, systematic, etc.) based on the audit objectives and population characteristics.

• Determine Sample Size

  Calculate the required sample size based on the desired confidence level, margin of error, and the variability within the population.

• Select Sample Items

  Using the chosen sampling method, randomly or systematically select items from the population to be included in the audit.

• Document Sampling Process

  Record the rationale for the sampling method, size, and selection process to provide transparency and support findings.

• Review Sample Items

  Thoroughly review the selected sample items for compliance with audit objectives, ensuring adequate coverage of all relevant aspects.