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High number of findings in the past.
Significant deficiencies or material weaknesses in the past.
Poor internal controls.
Extremely high volume of activity in a particular compliance requirement.
High project employee turnover in a particular area or department.
If the initial sample does not include a particular attribute being tested. typically
there would be a need to have additional items included in the sample to address
just that specific attribute. 4/2011 Page 2 2000.04 REV-2 CHG-l0
Each compliance lest performed should be evaluated separately for purposes of
determining sample size Judgment should be used to determine what tests are
considered low risk and which are considered high risk. When making the
determination of high or low risk, it will he important to understand the population.
. C. Populations of 200 or Fewer Items. When performing compliance testing of
populations of fewer than 200 items, the following guidance is provided. Generally
examine at least
(1) 20 items when the population being tested contains between I 00 and 1 99 items.
(2) 10 items when the population being tested contains between 50 and 99 items,
(3) 5 items when the population being tested contains between 20 and 49 items,
(4) Fewer than 5 items for smaller populations.
As noted above, these are s...
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This note was uploaded on 01/27/2014 for the course ACCY 405 taught by Professor Staff during the Fall '08 term at University of Illinois, Urbana Champaign.
- Fall '08