Estimation Sampling

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Definition: Estimation Sampling

Estimation Sampling
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Full Definition of Estimation Sampling

A statistical method used by auditors to determine the proper sampling size for determining whether accounting controls are being followed or not, as part of an audit. Estimation sampling is used to calculate what the minimum sample size should be when testing for compliance, based on population size, sampling risk, and expected failure rates.

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April 20, 2024 https://payrollheaven.com/define/estimation-sampling/.
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Estimation Sampling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/estimation-sampling/ (accessed: April 20, 2024).
American Psychological Association (APA):
Estimation Sampling. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/estimation-sampling/

Definition Sources

Definitions for Estimation Sampling are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.