Need for Audit Sampling

Formalized audit sampling procedures offer innumerable benefits to all auditors. These include:

1. Developing a consistent approach to audit areas;

2. Providing a framework within which sufficient audit evidence is obtained;

3. Forcing clarification of audit thinking in determining how the audit objectives will be met;

4. Minimising the risk of over-auditing; and

5. Facilitating more expeditious review of working papers