{ "media_type": "text", "post_content": "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", "post_id": "618ab75b186ca5002d5435bc", "reply_count": 4, "vote_count": 0, "bowl_id": "5cdf5676dcb88a001bef7a2f", "bowl_name": "Internal Auditing ", "feed_type": "bowl" }

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


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

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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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