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Projection and evaluation
The final goal when applying a sampling method is to project (extrapolate or estimate) the level of error (misstatement) observed in the sample to the whole population.
This process will allow to conclude whether a population is materially misstated or not and, if so, by how much (an error amount).
Projection methods varies based on different sampling methods, as shown in table below.
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Sampling method
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Projection and Evaluation
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Judgmental sampling
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No projection
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Systematic sampling
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Classical Variable Sampling (CVS)
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Random sampling
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Classical Variable Sampling (CVS)
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Stratification sampling
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Classical Variable Sampling (CVS)
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Monetary unit sampling
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Monetary Unit Sampling (MUS)
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