Marine Corps Audit

Econometrica has provided statistical sampling and analytical support to Kearney & Company on the audit of the U.S. Marine Corps’ financial statements. As part of its support, Econometrica developed the overall sampling strategy, analyzed multiple populations of recorded accounting entries to determine the most efficient sample size, selected several samples in accordance with the sample design for each population, analyzed the results of the samples to confirm compliance with standard statistical tests of reliability, and extrapolated those results to the universe of transactions being audited.