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Creating a Sample with Intelligent Sampler

Article author
Jonathon Plowman-Samson
  • Updated

Navigation

To perform this task, you’ll have to navigate to your analysis' Data Table.

Procedure

From your analysis' Data Table, click Intelligent Sampler on the right side of the page above the table.

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NOTE: Intelligent Sampler will only use your current view to create a sample (the default view is “Transactions”). If you would like to create a sample built of entries, use the view toggle to change the view from it’s default “Transactions” view to the “Entries View.”

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The Intelligent Sampler will open on your screen. 

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Begin by choosing the sample method for your sample: 

  • Risk-Stratified: This method uses the risk score of entries/transactions to stratify the population generated by the applied filter. This method is unique to MindBridge and favors high risk and medium risk entries/transactions when creating the sample.
  • Random: This method creates a truly random sample from the population generated by the applied filter. Unlike the risk-rated method, each item in the population has an equal chance of being selected, regardless of their risk level.
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After your sample method is chosen, add the Audit area, Sample Name, and Assertion for this sample.

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Random Sample

If you chose the random sample, the sample size section will only have one field, the sample size. Enter your sample size. A split chart will appear on the right side of the form, showing the total debits and credits that will be in the new sample.

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Risk Stratified Sample 

NOTE: The risk stratified sample method is the default method. 

If you chose the risk stratified sample method, the sample size section will have a field for each risk level: 

  • High 
  • Medium
  • Low

Begin by entering your sample size. 

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When using the risk stratified method, the Intelligent Sampler will select all of the high-risk scores available to be sampled, and the rest of the sample is split to contain 60% medium risk transactions and 40% low risk.

In the example below, 100 transactions were selected for the sample size. The financial data contains 0 high risk transactions.

Of the remaining 100 possible transactions left for this sample, 60 are medium risk transactions while 40 are low risk transactions.

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A split chart similar to the chart used in the random method will appear on your screen. This chart shows the total debits and credits in the sample for each risk level. 

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Once you’re satisfied with the sample, click Add to Audit Plan at the bottom of the form. 

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All of the transactions in the sample will now be found in the audit plan. 

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