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Multi-Stage Sampling. Multi Stage Sampling. After selecting a sample of primary units ,a sample of secondary units is selected from each selected primary units - Two-stage sampling In tern a sample of tertiary units is selected from each selected secondary unit - Three-stage sampling
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Multi Stage Sampling • After selecting a sample of primary units ,a sample of secondary units is selected from each selected primary units - Two-stage sampling • In tern a sample of tertiary units is selected from each selected secondary unit - Three-stage sampling • Higher order multistage design is also possible.
Application • In W.B Internal audit , multi-stage sampling has been used from planning to execution stages of audit. DG (Training) ,NAAA will address this. • In DT-audit and in CERA we have used multi-stage sampling . PD(DT) will discuss on its application. • In All India performance reviews : PMGSY ,SSA, Consumer Awareness , Educational Development of SC/ST , Industrial Dispute Act etc. we have use multi–stage sampling :We may take up one or two.
Will you be able to convince others about the applicability of Statistical sampling in audit ? Pl remember the following points. • The sample results are objective and defensible as it is free from any personal bias. • The method provides a means of advance estimate of sample size in an objective basis. • The method provides an estimate of the sampling error. • It is the most accurate method of drawing conclusion about a large and complex population. • It is cost effective. • Statistical samples may be combined and evaluated , even though accomplished by different auditors. • Auditors will be able to give a “True and Fair “ view . • Effectiveness of audit reports will increase.