Determine Sample Size 2822
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How to decide sample size for 3rd party supplier performance testing? Is it the contract value that determines the criteria for the sample or the business impact of the vendor on the organization?
Appricate your answer.
Thanks.
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Hi and welcome to the forums
Testing frequency and sampling sizes are based on Risk management principles. A likely to occur and severe exposure will require greater controls and more testing to ensure the financial control processes help mitigate risks.
There are lots of threads discussing this and suggest using the forum search facility looking at keyword: sampling … I got over 50 threads