The reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and continuous assurance, shifting the auditor's role ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

Many developers overlook the risks lurking in third-party packages. Every package you add could harbor vulnerabilities, potentially exposing sensitive user data and granting unauthorized access to ...

Auditing involves assessing financial statements to ensure accuracy and compliance. A key component of this process is determining materiality and performance materiality, which are critical for ...

The new risk adjustment data validation (“RADV”) audit final rule issued by the Centers for Medicare and Medicaid Services in 2023 is expected to increase both the number of RADV audits and the ...

1. This Standard on Auditing (SA) applies when the auditor has decided to use audit sampling in performing audit procedures. It deals with the auditor’s use of statistical and non-statistical sampling ...

jfa is an R package that provides statistical methods for auditing. Its functionality and intended workflow are implemented with a graphical user interface in the Audit module of JASP ...