Sampling population
A sampling population is the entire set of data from which an auditor selects a sample and about which the auditor intends to draw conclusions. It must be suitable and complete for the audit objective.
Worked example
For a test of recorded sales occurrence, the auditor verifies the completeness of the sales ledger extract used as the sampling population.
Common mistake
A sample cannot address missing transactions outside an incomplete population without an appropriate additional approach.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |