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#30016 - 08/29/02 02:32 PM Statistical sampling
Neytiri Offline
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Neytiri
Joined: Jul 2002
Posts: 645
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What percentage of a population do you try to use when sampling for an audit? I know it will vary somewhat but I feel like what we use is low but cannot find any useful information on industry standrds.

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Audit
#30017 - 08/29/02 07:12 PM Re: Statistical sampling
Andy_Z Offline
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Andy_Z
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Posts: 27,355
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The OCC put out a Comptroller's Handbook, Aug. 1998 on Sampling Methodologies.

Right click here to save it, left click to read the PDF online.
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AndyZ CRCM
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#30018 - 08/29/02 08:12 PM Re: Statistical sampling
Michelle D Offline
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Michelle D
Joined: Oct 2001
Posts: 313
Terminator Country
Thanks Andy
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The opinions are mine and do not necessarily reflect those of my employer.

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#30019 - 08/30/02 11:19 PM Re: Statistical sampling
Neytiri Offline
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Neytiri
Joined: Jul 2002
Posts: 645
Pandora
As soon as I posted this I thought of the OCCs Handbook. DUH! But I had just had a discussion with an OCC examiner about documenting statistical sampling, how we choose our samples, etc. and my mind wasn't functioning properly!! (And our examiners have left a week early!)


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