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Inflo -  A NEW AUDIT METHODOLOGY FOR THE DIGITAL ERA: Sampling

The Digital Audit methodology modernizes one of the most sensitive elements of any audit approach – sampling. Better recognizing the broad range of clients and the more sophisticated auditing techniques now available, the Digital Audit’s unique sampling logic transforms this
method of testing. The process is also streamlined and far more efficient to use within Inflo, as sample calculation and selection are automated, following the auditor’s inputs.

Read our free guide for a deeper dive in to Sampling

 

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This 7 page guide includes: 

  • Entity risk 
  • Assertion level risk
  • Controls
  • Substantive analytical procedures (SAPs)
  • Substantive audit data analytics (SADAs)
  • No sampling caps
  • A worked example

Everything you need to know...

Inflo’s Digital Audit methodology transforms the audit process. It takes a truly data-driven approach, while harnessing the power of digital workflow to achieve a more efficient and higher quality audit - yielding a vastly improved staff and client experience. The Digital Audit methodology has many differentiators from traditional audit methodologies.

In this series we outline some of the unique functionality utilized within the methodology and how it supports auditors. This article covers the planning activities within the methodology.

 

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