Audit-Specific Calibration of a Sample Evaluation Method Using Computer Modeling.

Key Points

• The aim is to assess the effectiveness of audit-specific sampling methods through computer modeling.
• Utilized the simulated reference distribution (SRD) method for calibration.
• Evaluated probabilities and errors in different auditing scenarios.
• Employed computer simulations to enhance sampling accuracy.
• Demonstrated improved accuracy in assessing sampling risk using the SRD method.
• Highlighted applicability across various auditing scenarios.
• Showed significant reductions in error rates in simulations.