What question did this study set out to answer?

The aim is to explore efficient acceptance sampling plans for auditing to minimize costs.

Optimal Acceptance Sampling Plans for Auditing "Batched" Stop and Go vs. Conventional Single-Stage Attributes Plans.

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Demonstrates cost optimization in acceptance sampling plans for auditing, suggesting more efficient choices for accountants.

The aim is to explore efficient acceptance sampling plans for auditing to minimize costs.
Reviewed concepts of single sampling plans and sequential sampling plans.
Developed a cost optimization model for selecting sampling plans.
Illustrated findings with examples comparing costs of different plans.
Demonstrated that the new model identifies the least-cost sampling plan effectively.
Showed that acceptance sampling can improve decision-making in accounting practices.

Maxim et al. (1976) studied this question.

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