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Audit Selection – Random Sampling vs. Stratification – What’s the Impact?
August 15, 2019: 2:00 pm–2:45 pm EDT
For auditing, most organizations have a structured process for selecting their claim (or transaction) samples to be audited. Using Random or Simple Sampling, the samples are chosen randomly from a given population of claims. Using Stratified Sampling, the whole population is stratified, or divided into logical groups (i.e., perhaps by dollar paid values), then random sampling is applied within each strata. We’ll spend this webinar discussing the following:
- Random or Stratified – Pro’s and Con’s of each Methodology
- Stratified – Get a much better look at the financial claims picture
- How to structure / create a stratified sampling approach?