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Audit Sampling Techniques

Audit Sampling Techniques

Advance your auditing proficiency with the Audit Sampling Techniques Training Event, meticulously designed to help auditors, compliance assessors, and quality testers master the methodologies of audit sampling. This interactive course covers both statistical and non-statistical sampling methods, equipping you with the skills to improve audit quality and efficiency while earning 4 NASBA-approved CPE credits.

 

Why Attend?

1. Develop Expertise in Audit Sampling - Gain insights into selecting and applying the proper sampling methods for both substantive and internal controls testing.

2. Boost Audit Efficiency and Effectiveness - Learn techniques to optimize sample sizes, validate populations, and reach well-documented, reliable conclusions.

3. Learn Industry Best Practices - Explore practical applications and case studies to embed audit sampling best practices into your daily work.

4. Earn Valuable CPE Credits - Advance your career while earning 4 CPE credits recognized in the field of Auditing.

 

What You’ll Learn

This training provides valuable knowledge and hands-on techniques to design, execute, and evaluate key audit sampling tasks.

 

Course Highlights:

1. Foundations of Audit Sampling

  • Understand foundational terms and basic concepts of audit sampling.
  • Learn the role of sampling in internal control assessments and substantive procedures.

2. Selecting and Evaluating Audit  Samples

  • Explore statistical and non-statistical audit sampling techniques and when to use them.
  • Learn how to choose the right sample sizes based on test populations and assess audit sampling results effectively.

3. Audit Sampling Techniques for Substantive Testing and Control Testing

  • Learn attribute audit sampling methods to test internal controls.
  • Explore variable audit sampling techniques to ensure accuracy in financial statement examinations.

4. Addressing Risks and Misstatements

  • Recognize the implications of factual and projected misstatements uncovered through audit sampling.
  • Align sampling procedures to address the risk of material misstatement.

5. Hands-On Applications

  • Practice your skills through engaging case studies and scenarios.
  • Ensure your work meets auditing standards and delivers reliable results.

 

Key Topics Covered:

  • Sampling risks and limitations in audit practices.
  • Differences between statistical and non-statistical sampling approaches.
  • Steps to design, document, and execute effective audit samples.
  • Application of audit sampling methods to internal control testing and compliance reviews.
  • Analyzing and concluding audit findings with comprehensive workpaper documentation.

 

Benefits of Attending

  • Enhanced Precision in Auditing: Deliver more reliable results with a clear understanding of audit sampling methodologies.
  • Greater Efficiency in Audit Processes: Learn to optimize sample sizes and streamline testing procedures.
  • Career Advancement: Strengthen your professional credentials with actionable skills applicable to real-world internal  audit samplies.
  • CPE Credit Opportunities: Boost your development with 4 NASBA-Approved CPE credits in Auditing.

 

Event Details

  • Schedule: Offered every eight weeks on Fridays from 10 a.m. to 2:30 p.m. CST.
  • Duration: 4 hours (includes breaks).
  • Format: Live, interactive online sessions (Group Internet-Based).
  • CPE Credits: 4 NASBA-Approved CPE credits.
  • Cost: $280.
  • Private Training Available: Tailored sessions for two or more attendees upon request.

 

Who Should Attend?

This seminar is crafted for professionals looking to refine their internal audit methodologies and sample evaluation techniques, including:

  • Auditors: Enhance your ability to apply audit sampling for both substantive and internal controls testing.
  • Compliance Assessors: Build confidence in creating audit plans that address compliance risks effectively with the proper sampling methodology for internal audits.
  • Quality Testers: Gain tools and techniques to streamline your control assessments.

 

Why Audit Sampling Matters

Audit sampling is a fundamental aspect of delivering high-quality audits. By mastering these audit sampling techniques, you ensure:

  • Risk Mitigation: Apply audit sampling procedures to uncover and address potential misstatements or control weaknesses.
  • Operational Efficiency: Conduct audits with precision, saving time and resources while optimizing accuracy.
  • Regulatory Compliance: Meet industry standards and expectations with audit sampling methodologies that stand up to scrutiny.

 

Register Now

Don’t miss this opportunity to strengthen your audit sampling expertise and bring greater precision and reliability to your audit work. Enhance your skills through a practical, engaging learning experience while earning 4 CPE credits.

 

Register today to secure your spot in this valuable seminar and take your auditing capabilities to the next level!

  • Details on Event Presentation

    Offered every eight weeks on Fridays at 10:00 a.m. to 2:30 p.m. Central Time in four CPE-Credit event.

     

    We can schedule private events on your timetable for two or more attendees.

  • CPE Event Highlights

    The seminar reviews and answers the following questions:

    • What types of sampling and sampling risk do auditors encounter?

    • How to test attributes using a sample for testing of internal controls and compliance?

    • How does variable sampling for substantive assurance work?

    • What are the differences between statistical and non-statistical sampling approaches?

    • How does the auditor determine sample sizes?

  • Learning Objectives

    • Identify the basic terms and foundational concepts of audit sampling.

    • Describe various sampling methods and how to determine the most appropriate sampling technique to properly align with the given test population.

    • Determine sample sizes using various sampling methods and evaluate sample results.

    • Recognize the relationship of substantive detail sampling to the risk of material misstatement and other substantive audit procedures.

    • Recognize the audit implications of factual misstatements identified in sampling and non-sampling procedures.

    • Recognize the audit implications of projected misstatements from sampling procedures.

  • Key Issues on the Agenda

    Introductions
    Section 1 - Overview of Auditing and Internal Controls

    Section 2 - The "Audit Testing" Process
    Section 3 - The Role of Audit Sampling
    Section 4 - Audit Sampling Concepts
    Section 5 - Details of Statistical Attributes Sampling
    Section 6 - "Non-Statistical Attributes" Sampling
    Section 7 - Details of "Variables" Sampling
    Section 8 - Internal Control Testing
    Section 9 - Concluding the Audit
    Section 10 - Summary

  • NASBA Program Disclosure

    Program Level of Understanding: Basic

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: Group Internet Based

    NASBA Field(s) of Study: Auditing

    CPE Credits: 2, based on 50 minutes of instruction per hourSeminar Highlights

  • Summary of the Subject Matter

    The CPE event "Audit Sampling Techniques" offers a deep dive into the intricacies of audit sampling, providing attendees with comprehensive insights into the methodologies, best practices, and regulatory considerations involved in this critical aspect of auditing.

    Through this event, participants can expect to gain valuable knowledge on various sampling techniques, sample selection methodologies, and their application in different audit scenarios. Furthermore, the seminar aims to equip professionals with the essential skills for designing effective sampling approaches, understanding the associated risks, and ensuring compliance with auditing standards.

    By delving into the nuances of audit sampling, this event serves as a valuable resource for auditors, offering practical guidance for enhancing the precision and reliability of audit procedures.

$280.00Price
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