1. What is a sampling plan? A sampling plan allows an auditor or a researcher to study a group (e.g. a batch of products, a segment of the population) by observing only a part of that group, and to reach conclusions with a pre-defined level of certainty. In this article I cover these cases in depth (hit the links below to skip to the relevant section): The buyer wants to follow the most common plan to inspect a supplier's batch of products The manufacturer implements a continuous … [Read more...]