Learn what the research shows about how fraud is found, and perform case studies demonstrating how regression can be used as an advanced analytical tool to perform gap analysis, to reconstruct [...]
This attribute sampling method is relevant for first-time audits or consulting work where you don’t know the expected error or tolerable error for the population, but you need to find out. Learn [...]
After choosing the right sampling method, don’t undermine it by introducing BIAS into your selection process! It’s the easiest way for someone to attack your findings and conclusions. Discover [...]
This is your ‘go to’ method if you need to test for fraud and make a powerful statement like, “I’m 99% confident that no fraud has occurred”. Get the right audit tool for the job. Estimated time [...]
Suitable for Internal Auditors and External Auditors doing tests of controls, this is the most efficient statistical sampling method in the world. Also known as ‘Stop and Go Sampling’ this method [...]
Let’s address another complexity that can occur when you run regression in the real world – not all data is linear. Learn how to run regression where relationships in your data are non-linear. [...]
Let’s address some common complexities that occur when you run regression in the real world. Reality is that you don’t always get a nice, neat looking analysis. Learn how to identify and address [...]
Now that you know how to run regression in an audit context, learn how to build statistical bounds and add benchmarks to your analysis. Why do this? Eliminate the need for judgment calls or grey [...]
Can you name the globally agreed-upon six (6) procedures? There are analytics and there are ANALYTICS. Are you maximising your use of the most efficient form of audit test? This is not about [...]
Learn how the audit risk model (50 years young!) quantifies the audit process. Remember it?? It encourages efficiency and effectiveness… plan more, and audit way, way less! You will find the [...]
Find out when to apply the Fixed sampling method in an audit context. Most auditors apply this for any and all controls testing they perform, however we will identify the right circumstances in [...]
Learn that four methods for selecting samples for controls testing are available! Get acquainted with our decision tree for selecting the best sampling method for your audit objective. Find out [...]
This model (50 years young!) quantifies the audit process. Remember it?? It encourages efficiency and effectiveness… plan more, and audit way, way less! You will find the different costs of [...]
Yes, we need to revisit some time-honoured concepts (variance, alpha error, beta error, precision). Relax! We’ll make it easy by explaining it in plain English! The pay-off for getting this [...]