Attribute Sampling in Auditing (Simple Explanation)

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🎯 Key Takeaways for quick navigation:
00:00 *Attribute sampling in auditing involves assessing the characteristics of controls.*
Attribute sampling focuses on discrete variables, such as compliance or non-compliance of a control.
Sample size determination depends on factors like confidence level, population size, expected deviation rate, and tolerable deviation rate.
Discovery sampling involves reviewing data until finding a single deviation, useful for critical audit objectives.
Stop and go sampling adjusts sample size based on deviation severity, either reducing or increasing it accordingly.
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Thank you for this topic video.