... that SAPs developed by advanced analytical models do not provide a high level of assurance for revenue. Since SAPs and audit sampling present different risks and unique benefits, they are often complementary. Without the careful consideration of conditions related to the risks and benefits of each test...

... into five categories. A proposed Benford-based audit sampling method, which selects as the audit sample the set of transactions or balances that needs to be removed from the audit population to leave a remainder that conforms to Benford, is reviewed and reexamined. The finding is that the method...