Audit Sampling – Variable sampling plans

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    Topic
  • August 17, 2017 at 7:02 am #1602770
    Heena93
    Participant

    Hey, guys!

    Pls help me to clarify this.

    There are three types of variable sampling plans used to measure sampling risks.
    (1) Mean-per-Unit Estimation
    (2) Ratio Estimation
    (3) Difference Estimation

    Now, it is mentioned that Ration estimation is used when the calculated audit amounts are approx. proportional to the client’s book amounts which difference estimation is used when they are not proportional to the client’s book amounts – what does the proportional here means. What it is trying to say?

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