This feature allows auditors to ensure high-value items are selected in every sample, in addition to a random sample of the remaining population, for a more effective audit.
Key Features:
- ISI Sampling Option: Users have the option to select ISI sampling for Distributions, Loans and Rollovers.
- Threshold Input: Users can set a dollar value threshold to determine which items are individually significant.
- Automatic Identification: The system identifies and separates high-value items based on the user-defined threshold.
- Combined Sampling: After identifying the ISIs, the system randomly selects additional sample items from the remaining population to meet the desired sample size.
How It Works:
- Step 1: Set a threshold value for what you consider a significant item.
- Step 2: The system identifies all items exceeding this threshold.
- Step 3: The system then randomly selects additional items from the remaining population to meet the sample size requirement.
- Step 4: The final sample combines the significant items with the additional sampled items.
Step by Step Videos Guides: