Quality Management 2012 - The Odds are Against Auditing: Statistical Sampling in Audit

This webinar will cover different statistical sampling strategies and the risk management strategies while auditing.

Sampling plans are paradoxical by their nature:
If a system is out of control, a small sample will identify it.
If a system is in control, even a large sample might not lead to any findings.
Ineffective sampling plans can masks the ability to determine the correct state of the system being audited.