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Audit Sampling: A Comprehensive Guide to Effective and Efficient Sampling in Tests of Details and Tests of Controls  

CATEGORY: Accounting & Auditing
COURSE ID: W769T, VERSION 1.00
(33)
  Webinar
6 CPE Credits
Level: Basic
This webinar explains the use of sampling in an audit. It provides a solid understanding of basic and advanced sampling topics, while staying focused on practical issues and efficiency considerations. Major topics include the following:

  • Alternatives to sampling and selecting appropriate tests
  • The role of risk assessment in audit sampling
  • The factors that affect sample size and reliability
For tests of controls -
  • Selecting controls to test and defining deviations
  • Defining the period covered and the population
  • Calculating the sample size (large and small populations)
  • Selecting the sample items
  • Evaluating exceptions and responding to deficiencies
  • Evaluating results and the determining the appropriate level of reliance on controls
  • Defining the population and sampling unit
For tests of details -
  • Tolerable misstatement and individually significant items
  • Inherent risk, control risk, and other procedures risk
  • Calculating the sample size• Selecting the sample items
  • Evaluating sample results and determining the level of assurance achieved
Who should attend: Audit professionals, audit staff, audit managers, audit interns, accountants, controllers, CPAs. 

Instructor: Christopher K. Martin, CPA
Instructor assignments are fluid and subject to change.

Registration for this event has ended. Please either [search] for an open course or event or contact a salesperson at 844-245-5970 for more information or other options.
 
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