New Forum Topic

Topic:Haphazard sampling ?

AnonymousPosted on 8th January,2021 05:15 PM

Will there be equal chance of selection of every item in haphazard sampling?\r\n
Main Category: Audit | Sub Category: Others | Reply Count: 1 |
Replies:-

BMC Associates says Replied on 18th July,2026 09:06 AM

No. In haphazard sampling, there is no equal or known chance of selection for every item in the population. The auditor selects items without following a structured or random method but tries to avoid conscious bias. Since the selection is based on the auditor's judgment rather than a statistical random process, some items may have a higher or lower chance of being selected. If the auditor wants every item to have an equal probability of selection, random sampling should be used instead of haphazard sampling. Haphazard sampling is a non-statistical sampling method and does not provide the same level of statistical reliability as random sampling. For expert guidance on auditing standards, audit sampling techniques, and financial reporting, businesses often rely on experienced chartered accountant firms in gurgaon. A qualified chartered accountant gurgaon, trusted ca firm in gurgaon, or professional ca in gurgaon can help ensure compliance with auditing standards and best practices.

Leave a comment below!

You need to Login, before replying on forum!!
Get Started !! Join Now
Try our application for better experience.
FAQ (Frequently Asked Questions) Regarding Test Series
Q-1 Do we have to write the tests on the same day of the schedule?
Q-2 Chapters mentioned in the test schedule are as per which book?
Open FAQ
Register Now Button