A deeper dive into the mysteries of sampling and why today it is a subject of consternation. We will examine how to address this issue in your firm and how sampling can provide audit evidence to demonstrate the achievement of a low audit risk engagement. Some tips, techniques and "rules of the road" will be offered to make sampling easier, less stressful and more efficient on your engagements.
Identify the complexities of sampling
Determine what makes sampling vulnerable to inspection and peer review comments
Apply sampling and the gathering of sufficient evidence