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, ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Several major industry groups have jumped into a case over whether whistle-blowers may use statistical sampling to prove liability in fraud cases, saying allowing such sampling could be “disastrous” ...