Audit Sampling Made Simple

Can you check 10,000 invoices in just 2 days? Auditors do it every day, using audit sampling. In this practical, beginner-friendly video, you’ll learn how auditors reach reliable conclusions about thousands of records without checking every single one. We use real-life examples, 5 pop quizzes, note-taking breaks, and a full worked case study with real numbers.
WHAT YOU’LL LEARN
✔ What audit sampling is (with a simple example)
✔ When NOT to sample
✔ Sampling risk: Type I and Type II mistakes
✔ Confidence level, tolerable rate and expected rate
✔ Statistical vs. nonstatistical (judgmental) sampling
✔ How to read a sample-size table and evaluate the results step by step