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What sampling methodology do you use and what’s the source? I’m part of a new internal audit department for a recent ipo company and we need to create a sampling methodology from scratch

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Depending on the departments relationship the the external auditor you could always ask them. If you've gone through the IPO and need SOX I imagine someone might have already asked so they could create synergies for internal controls testing

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The firm has a sampling methodology in KAM which you can find on Alex, a resource library for accounting, audit, risk management, etc..

Sorry my FB name needs updating. I left KPMG 8 months ago for an internal audit role at a new public company. Wish I could’ve taken KAM with me ☹️

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http://www.excel-university.com/dollar-unit-sampling/

https://scholar.google.com/scholar?hl=en&as_sdt=0%2C43&q=dollar+unit+sampling&oq=dollar+unit

Dollar value sampling = MUS. I know that article doesn’t go much into the methodology but it’s a start, the academic papers may be more helpful in that regard

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