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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
estimated tax estimator