The application of audit procedures to less than 100% of the items within an account balance or class of transactions to enable the auditors obtain and evaluate evidence is known as……………………..

Audit Sampling

Explanation:
Audit sampling involves applying audit procedures to a subset of items within an account balance or a transaction class, rather than reviewing every item. This method allows auditors to gather sufficient evidence in a more efficient manner, as testing a representative sample can provide reasonable assurance about the overall population, making it a practical approach in audit engagements.