Auditing Basics: How Does Sampling Work?
Why is Sampling Used During an Audit? When an organization undergoes an audit, there’s often a large amount of internal controls that an auditor has to review. However, to make this process more efficient, auditors are likely to use sampling whenever the population being tested is uniform and there’s standards that are applied across the board. How Do Auditors Use Sampling? At KirkpatrickPrice, our auditors will sample a size of…