Representative sample

A representative sample is a portion of a population that possesses characteristics similar to those of the entire population. An auditor wants to select a representative sample when engaged in various auditing procedures, so that the findings derived from the sample can be considered representative of the whole. A sampling error occurs when the sample group selected does not have the characteristics of the population. The use of a larger sample size will likely reduce the risk of sampling error.

Related Courses

Guide to Audit Sampling
How to Conduct an Audit Engagement