Reduced Sampling Under SAS 142: Building a Defensible Audit Trail

Can you reduce your sample size under SAS 142? And if you do, will your documentation hold up to scrutiny?

That second question is where things get interesting.

SAS 142 allows the extent of testing to respond to assessed risk. But reducing testing requires more than simply pointing to the standard. Auditors need a clear, consistent trail showing how risk was assessed, why less testing was appropriate, and how those decisions can be traced back to the underlying data.

In this webinar, we’ll dig into what that looks like in practice, including how to:

• Use risk assessment to support reduced sample sizes
• Apply consistent risk thresholds across engagements
• Use population-level analytics to inform testing decisions
• Build documentation that can be traced and re-performed
• Connect your risk assessment, testing decisions, and source data in a way that stands up to review

Reduced sampling may be allowed. The real question is whether you can defend it.