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A COURSE IN STATISTICAL SAMPLING FOR ACCOUNTANTS, AUDITORS AND FINANCIAL MANAGERS.

The Accounting Review 1963 38(2), 400-406
Abstract Much has been said about the importance of the science of statistical sampling in the work of accountants, auditors and financial managers. There is no longer any doubt that statistical sampling must become an integral part of the financial manager's, accountant's or auditor's kit of tools, and management can no longer afford to exclude this vital subject from managerial training programs. There are many executive development courses being given both in and outside the Federal Government on such subjects as "automatic data processing," "human relations," "public relations" and "decision making." What is disconcerting, however, is the continued absence from the management training programs of the equally important subject of statistical sampling. This article describes a course recently given on this subject and points out possible ways of spreading successful training programs along this line. Courses in Statistical Sampling have become an integral part of the formal curriculum of a limited number of colleges and universities. It is conceivable that in the not too distant future many more schools will add sampling courses to their curricula. From a financial manager's viewpoint, one of the difficulties with, most of these courses is that they are pitched too high and are not geared to management's needs both in content and instruction.