Attribute sampling plan
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- what is attribute sampling
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Attribute testing example!
Attribute Sampling: Definition, Purpose, and How It Works
What Is Attribute Sampling?Attribute sampling vs variable sampling
Attribute sampling is a statistical process used in audit procedures that aims to analyze the characteristics of a given population. This practice is often used to test whether or not a company's internal controls are being correctly followed.
Without the ability to rely on controls, it would be very difficult and exceedingly costly to conduct a meaningful audit.
Key Takeaways
- Attribute sampling is used in audit procedures, helping analyze the characteristics of a given population.
- This statistical process helps determine whether internal controls are being followed.
- The process involves taking samples of certain activities, such as paying an invoice of a certain amount then analyzing that process.
How Attribute Sampling Works
Let's say an auditor wants to test the effectiveness of a company's rule that purchases of more than $10 must be authorized with a purchase order.
Since examining every vendor invoice over $10 is often not feasible, the auditor will take a samp
- what is attribute sampling and variable sampling