SOX Sampling 3107

  • Hi All,
    I have a problem.
    We have control whose freq was ‘As Occurs’ we reviewed the population in Round 1 and determined it to be a weekly control (5 samples). We are going back in Round 2 but the external auditors are saying that you need to review the population once more and determine your updated sample size.
    Do we need to re-evaluate all controls (All As Occur) controls and determine their updated sample size at each round? Or do we stick with our Round 1 value and test the whole year based on that annualization?

  • You should reevaluate the frequency at each test date to ensure that you have an appropriate sample selected.

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