Audit sampling Q&A: applying ISA (UK) 500 Audit Evidence

Michelle Roberts ACA and John Selwood ACA consider the most frequent questions received on sampling following recent changes to the Croner-i Navigate Audit tools for best practice improvements in this area

ISA (UK) 500 Audit Evidence requires the auditor to design and perform procedures to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base his opinion. It provides guidance on various means for selecting items for testing, of which sampling is one.

A link to the Croner-i sampling tool is here and is also provided in the Croner-i Excel-based audit tools such as the Private Company area of Navigate Audit (PCAS).

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