{"id":1154,"date":"2021-02-12T00:01:50","date_gmt":"2021-02-12T00:01:50","guid":{"rendered":"https:\/\/alminawi.com\/?p=490"},"modified":"2025-09-27T13:01:43","modified_gmt":"2025-09-27T13:01:43","slug":"audit-sampling-as05-variable-sampling","status":"publish","type":"post","link":"https:\/\/e.americanpro.org\/?p=1154","title":{"rendered":"Audit Sampling: Episode 05, Variable Sampling"},"content":{"rendered":"<p>Episode 05 addresses variable sampling, a statistical method used to estimate numerical values, such as account balances. <strong><em>That is, it involves substantive testing that is used to estimate the amount or value of a characteristic in the population.<\/em><\/strong><\/p>\n<p>Two common types are classical variable sampling and monetary unit sampling (MUS).<\/p>\n<p>Classical variable sampling estimates the mean or total of a population, while MUS focuses on the dollar amounts, giving larger items a higher chance of selection.<\/p>\n<p>For instance, an auditor testing accounts receivable might use MUS to sample customer balances, targeting higher-value accounts for accuracy. If errors are found, the auditor projects the misstatement to the population. Variable sampling enables auditors to assess the fairness of financial statements with statistical confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Episode 05 addresses variable sampling, a statistical method used to estimate numerical values, such as account balances. That is, it involves substantive testing that is used to estimate the amount or value of a characteristic in the population. Two common types are classical variable sampling and monetary unit sampling (MUS). Classical variable sampling estimates the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1223,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-1154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internal-audit"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/e.americanpro.org\/wp-content\/uploads\/2025\/05\/06-e1750015365870.jpg","_links":{"self":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/1154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1154"}],"version-history":[{"count":1,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/1154\/revisions"}],"predecessor-version":[{"id":2148,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/posts\/1154\/revisions\/2148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=\/wp\/v2\/media\/1223"}],"wp:attachment":[{"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e.americanpro.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}