Statistical Sampling Plans for Audits - Webinar By GlobalCompliancePanel

Statistical Sampling Plans for Audits - Webinar By GlobalCompliancePanel

Overview: The purpose of auditing is to identify failures in the system or gross negligence.

The real question, "how bad does the system need to be for auditing to work?" This talk will look at statistical distribution for rare events to show that the sample size needs to larger when the systems are better.This is a paradox for most auditors who when a problem is discovered increase their sample size.

Most auditing sampling plans are based on either the binomial or normal distribution, though rare events usually follow the Poisson distribution. This talk will show how the Poisson relates to the binomial and normal distributions.Special attention will be given to risk management strategies. A review and comparison of different sampling strategies will be presented.

Areas Covered in the Session:

Different types of sampling plans.

Measurement Error

Power Calculation

Types of Risk

Different Statistical distributions used for audit sampling

Who Will Benefit:

Management

Research and Development

Regulatory Affairs personnel

Quality assurance/quality control personnel

Auditors and inspectors

Overview: The purpose of auditing is to identify failures in the system or gross negligence.

The real question, "how bad does the system need to be for auditing to work?" This talk will look at statistical distribution for rare events to show that the sample size needs to larger when the systems are better.This is a paradox for most auditors who when a problem is discovered increase their sample size.

Most auditing sampling plans are based on either the binomial or normal distribution, though rare events usually follow the Poisson distribution. This talk will show how the Poisson relates to the binomial and normal distributions.Special attention will be given to risk management strategies. A review and comparison of different sampling strategies will be presented.

Areas Covered in the Session: Different types of sampling plans.

Measurement Error

Power Calculation

Types of Risk

Different Statistical distributions used for audit sampling

Who Will Benefit: Management

Research and Development

Regulatory Affairs personnel

Quality assurance/quality control personnel

Auditors and inspectors

POST COMMENT

Las Vegas Home Alarm Systems Supply Families Thorough Security At Affordable Prices Helpful tools for SEO | Search Engine Optimization tools High Quality DVD player in Affordable Price Services Of Photon Plus And Benefit - Broadband Internet Connection Portland Home Security Systems Offer Homeowners Comprehensive Protection At Affordable Prices "expo Champion" Series Back To World Expo In Lake Wire - Car Wash Wax Manufacturer Proven Ways To Lease A Car With No Money Down Are Vehicle Warranties Really Worth It? How to Find the Best LCD Computer Monitors Without an Electrical Engineering Degree or a Coupon Establishing Your Business Presence Online Through Affordable Web Design So you want to be a motorcycle courier? [media Observation] Face Of Direct Broadcast Satellite Television Restlessness - Direct Broadcast Tips for Florida vacation rentals