Leaders Link - The Institute Of Internal Auditors  

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PUBLISHED BY THE INSTITUE OF INTERNAL AUDITORS
June 2013
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The IIA Releases New Practice Advisory on Audit Sampling

The IIA recently released Practice Advisory 2320–3: Audit Sampling, which provides guidance to internal auditors on the design and selection of an audit sample and the evaluation of sample results. Auditors should consider selection techniques that result in a statistically based representative sample for performing compliance or substantive testing. The Practice Advisory supports IIA Standard 2240: Engagement Work Program and IIA Standard 2320: Analysis and Evaluation.  

 

To download the new Practice Advisory, visit The IIA’s Standards and Guidance Web page.