Audit Sampling

Select and test a representative sample from a population of transactions or balances. The system calculates the appropriate sample size based on your chosen method and materiality threshold.

Steps

1. Go to Audit → Sampling in the sidebar.
2. Select a Sampling Method:
   • Monetary Unit Sampling (MUS) — probability proportional to size; larger items are more likely to be selected.
   • Random — every item has an equal chance of selection.
   • Systematic — items are selected at fixed intervals from the population.
3. Enter the Population size (total number of items or total monetary value).
4. Enter the Materiality threshold.
5. The system calculates the sample size automatically.
6. Click Execute to generate the sample selection.
7. Test the selected items and document results for each.

Tips

• Monetary Unit Sampling is preferred when testing for overstatement of balances.
• Random sampling works well for compliance testing where all items carry equal risk.
• Always document your rationale for the chosen method and materiality threshold.
• Record exceptions found during testing and evaluate their impact on the population.