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#2223217 - 10/07/19 07:33 PM Sample Methodology
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What is the most common methodology that is used by most of you for the average consumer protection compliance audit or review?

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#2223223 - 10/07/19 08:24 PM Re: Sample Methodology Rangers Fan
rlcarey Online
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Might sort of depend on the population and whether it is large enough to lead to statistical sampling. Otherwise most use a judgmental sampling technique.
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#2223228 - 10/07/19 08:51 PM Re: Sample Methodology rlcarey
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Thank you sir-that is what we were thinking! smile

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#2228018 - 12/27/19 03:03 PM Re: Sample Methodology Rangers Fan
Rocky P Offline
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Getting on the bandwagon late - sorry.

Some banks break it down into a tier testing. They start with a technical test - seeing if there are any exceptions in a limited scope. If there are no exceptions, the audit ends.
If there are exceptions, then they use substantive testing - a greater population and in more detail.
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#2238470 - 06/22/20 08:57 PM Re: Sample Methodology Rangers Fan
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The OCC recently updated their sampling handbook, which has a lot of useful info. on sampling approaches. https://www.occ.treas.gov/publicati...logies/index-sampling-methodologies.html
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