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Sampling Considerations

This article provides an overview of AuditMiner Sampling

AuditMiner workpapers document the population source, population amount, population count, sampling unit, seed number, and sample methodology for each sample selected. 

The following workpapers provide the option to generate a random sample.

  1. Contribution Allocation Testing
  2. Distribution Package
  3. Investment Income Allocation
  4. Loan Package
  5. Rollovers Package

Random Sampling

Random sampling gives each item in the sampled population an equal chance of being selected. It helps to reduce the bias involved in the sample and does not require technical knowledge of the population. The sample quantity is provided by the auditor based on their judgement. The auditor can select a percentage of the population or a specific number of selections.

Stratified Sampling

Stratified sampling can be used for the Distribution Package.  See this article for details.

Seed Number

AuditMiner provides a random seed number for each sample selection made. See this article for details.