Part 3: How To Create A Risk-Based Statistical Compliance Auditing System

In this last article in my 3-part series on statistical compliance auditing, I demonstrate how the statistical methods and sampling tools outlined in Part 1 and Part 2 can be used to create a world-best-practice, risk-based statistical sampling system. Risk-based compliance auditing Risk-based compliance auditing starts with an understanding that some types of non-compliance are more serious than others.  …

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Part 2: How To Optimise Compliance Auditing With An Online Sampling Tool

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In Part 1 in this 3-part series on statistical compliance auditing I outline why enterprises should avoid using ad-hoc and rule-of-thumb methods to determine the sample-size requirements for their compliance audits and instead use tried-and-tested statistical sampling methods. I also outlined how anyone with a basic understanding of some simple statistical terms and concepts, and help from an online…

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Part 1: Bigger is Not Always Better When Compliance Auditing

In Part 1 of this 3-part series on statistical compliance auditing, I outline why enterprises should avoid ad-hoc and rule-of-thumb sampling methods and how they can improve the effectiveness and efficiency of their compliance audits by using a simple statistical sampling tool. I also outline why “bigger is not always bigger” when selecting the right sample-size for a compliance…

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