Discovery sampling
- Term
- Discovery sampling
- Exam
- CISA
- Definition
Sampling designed to find at least one occurrence when the expected rate is very low.
- Explained
Discovery sampling is designed to find at least one example of something rare, such as a fraudulent transaction, if it exists at or above an expected rate. A single finding is enough to trigger further investigation.
- In practice
Searching for at least one fictitious vendor in the vendor master file.
- Often confused with
- Attribute sampling
- Exam angle
Used to look for fraud.
- Related