What question did this study set out to answer?

The aim is to assess the effectiveness of audit-specific sampling methods through computer modeling.

June 15, 2026

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

JWJohn P. WendellUniversity of Hawaiʻi at Mānoa JSJosef SchmeeProject Management Institute

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.

Abstract

Abstract Discusses audit-specific sampling using computer modeling or simulation. Importance of assessing sampling risk; Use of the simulated reference distribution (SRD) method; Applicability of SRD to different auditing scenarios; Evaluating probabilities and errors.

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