Variable sampling
- Term
- Variable sampling
- Exam
- CISA
- Definition
Sampling to estimate a monetary amount or other quantity.
- Explained
Variable sampling estimates a quantity — usually a monetary amount — for the whole population, such as the total misstatement in inventory values. It supports substantive conclusions rather than control reliance.
- In practice
Estimating the total value of misstated inventory.
- Often confused with
- Attribute sampling
- Exam angle
Used for substantive tests.
- Related