Online Program

Assessing the Quality of an Audit Sample and Estimate (304191)

Keywords: sampling principles, audit sampling, AI sampling strategies, quality review

Statistical sampling is a generally accepted audit technique widely used in tax, internal audit, financial statement auditing, and many other regulatory and assurance functions. Even with this broad use and deep acceptance of sampling, there can be a wide range of practices and a lack of standardization for audit sampling.

Primarily, we will explore what a quality assessment on a stratified random sample and its associated estimates would look like based on statistical sampling principles and industry best practices through the sampling life-cycle.

Secondarily, we will explore how sampling is being used in artificial intelligence model development and how audit sampling can be used to provide assurance on these AI models by creating measurements of precision and confidence.