Page tree
Skip to end of metadata
Go to start of metadata

The Monetary sample parameters are the following:

  • Field - select the field from the drop-down menu, which will be used for the sample generation
  • Precision - the level of precision is the maximum level of errors in the population that the auditor can accept. As a rule, the threshold of materiality performance is used for precision. You can set a different value from the selected materiality, by unmarking the Use implementation materiality option.
  • Confidence - the level of confidence determines the level of residual risk as well as the R-factor
  • Interval - automatically calculated (Interval = Precision/R-factor)
  • Start value - you can either enter it manually or click the Random start value button

When you are ready, click OK.

ConfidenceResidual riskR-factor
99%1%4.6
98%2%3.7
95%5%3.0
90%10%2.3
86%14%2.0
85%15%1.9
80%20%1.6
75%25%1.4
72%28%1.3
70%30%1.2
65%35%1.1
63%37%1.0
60%40%0.9
55%45%0.8
50%50%0.7
  • No labels