List the steps in a statistical sampling application for substantive test

Planning

• the auditor has to determine the objective of substantive test using audit sampling
•  The sampling plan must be conducted completely, and carefully to define the characteristics of the sampling population with the help of the following steps: determine the population, describing the characteristics of sampling unit, classifying the misstatement
•  the sample size has to be determined by using the key inputs like desired confidence level, tolerable misstatement, expected population misstatement, and population size
  Performance 
• The audit has to select the sample items from the entire population
• To understand, and analyze the observed misstatements, the sample items are measured by performing the audit procedures
  Evaluation
• The sampling risk is evaluated by verifying the computed projected misstatement, and the upper limit of misstatement
• The process in sampling application is documented after evaluating the performance of the sample