When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

Editor: Greg A. Fairbanks, J.D., LL.M. This item discusses the Sec. 41 research credit and how statistical sampling can be used to efficiently satisfy the four-part test that governs whether research ...

Both state and federal tax examiners regularly use sampling and estimation in their tax audits. While sampling in an audit can be a convenient time-saver for both taxpayers and examiners, it is ...

Many healthcare providers feel that UPIC audits often fall short, with flawed sampling and extrapolation techniques that dramatically exaggerate overpayment findings, exposing providers to undue ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Dr. JeFreda R. Brown is a financial consultant, ...