Audit Sampling Planner Tool

What you'll find inside

• Purpose and when to use the tool, with a five-step method
• Core inputs: sampling objective, population definition and size, frequency, expected exception rate, risk concentration, high-value items, data quality and selection method
• A Low/Medium/High matrix for risk severity, expected exceptions, population variability, control frequency and data reliability, with the planning implication of each
• A one-page working sheet to complete during planning or fieldwork, covering high-risk strata, period and location coverage and the rationale for the design
• A worked example: sampling employee travel claims using targeted high-risk items plus a spread across months
• Five quick-reference reminders for explainable samples

Best for

• Testing recurring controls
• Selecting items from large transaction populations
• Teams that must explain why a sample was chosen

Resource information

Format:

PDF

Pages:

6

Price:

Free

Registration:

Not required