HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Accounting » estimation sampling

Estimation Sampling

Definition
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.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.