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Tip 3: Leverage the Intelligent Sampler for tests of details

Article author
Jonathon Plowman-Samson
  • Updated


Learn how to leverage the intelligent sampler tool for audit plans.

How does this add value to your audit? 

Stronger sampling

The Intelligent Sampler can be used to stratify your journal entry sample selections towards transactions flagged as either High or Medium risk, i.e., those transactions that have failed/triggered multiple Control Point tests. This can be very useful for substantive testing of certain balances or classes of transactions, as a mechanism for sample selection that focuses on potentially anomalous entries in the ledger as opposed to a purely random sample.

Improved audit planning

Generate an Audit Plan into Excel with one click, seeded with the relevant transactional data. This forms the basis for your working paper to document the results of your substantive testing and verification, saving you manual work!

Tip: The “Reversed” Control Point can be used to identify whether any transactions initially selected for sampling were subsequently reversed and is, therefore, a false positive and required to be replaced. This avoids unnecessary back-and-forth with the client!

Balances and classes of transactions where Intelligent Sampler could be effective for sample selection:

  • Occurrence and accuracy of operating expenses
  • Existence and valuation of fixed asset addition existence and valuation of inventory purchases

Anything else on your mind?
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