The Real Risks in Audit Sampling.

The article discusses several manifestations of risk within audit sampling procedures, suggesting they are more conceptually significant than commonly theoretically proposed. The implications of risk analysis on sampling methods and the advantages of dollar-unit sampling in particular are described in depth. Several factors of sampling selection are considered, including population characteristic assumptions, the levels of specificity in procedure design, and test objectives. The possibilities of tangible risk within the sampling population, of non-applicability to variable assignment, and error distribution patterns are addressed, providing numerical examples.