Discovery sampling

Discovery sampling involves the use of a sample to determine whether a percentage error does not exceed a designated percentage of the population. If the sample does not contain errors, then the actual error rate is assumed to be lower than the minimum unacceptable rate. The sampling calculation includes the following factors:

  • Confidence level

  • Minimum unacceptable error rate

  • Population size

Discovery sampling is used in auditing.

Related Courses

Guide to Audit Sampling
How to Conduct an Audit Engagement