May 2019

audit sampling techniques
Product releases

New Ai Auditor release: May 2019

Welcome to the “post-busy season” release of Ai Auditor, just in time for your Not-for-Profit audit engagements! Our new release of Ai Auditor includes a host of new features that enable more use cases, such as Accountant Reviews. This release includes several great features including: Libraries: Contains all the business logic needed to perform analysis within

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big data analytics in auditing
Audit

The auditor’s fallacy: The law of small numbers

Humans have used simple statistical sampling for millennia to make generalized sense of the world around us. Living in a resource-constrained world, statisticians gave emperors, surveyors, and accountants a simple workaround to the prohibitively intensive process of counting, checking, and validating everything. Sampling is the selection of a subset (a statistical sample) of individuals from

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