Audit Sampling Techniques
Mastering Audit Sampling Techniques: Enhancing Efficiency and Effectiveness
Are you confident in your ability to utilize audit sampling effectively for substantive and internal controls testing? The selection and application of appropriate sampling methodology in audit fieldwork is vital for auditors to execute audits, quality assessments, and control tests efficiently and effectively.
This event is specifically developed to assist auditors, compliance assessors, and quality testers in determining optimal sample sizes, as well as selecting and evaluating samples while performing auditing procedures. The session's focus encompasses both nonstatistical methods and statistical sampling techniques. Engaging case studies are also included to facilitate the application of these sampling methodologies in audits and establish best practices for audit professionals.
In this timely half-day CPE training seminar, auditors and professionals tasked with drawing conclusions based on samples from a population of items will gain valuable insights. Attendees will learn how to validate a population, construct an effective audit sample, analyze the sample, generate comprehensive workpaper documentation, and draw sound conclusions regarding the audit testing results.
By participating in this seminar, each attendee will earn 4 CPE Event Hours (YB) and receive a certificate of completion, further enhancing their professional credentials.
Don't miss this opportunity to enhance your audit sampling techniques and boost your efficiency and effectiveness in performing audits and control tests.
Register now to secure your spot in this invaluable training seminar.
Details on Event Presentation
Offered every six weeks on Thursdays 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 ControlsSection 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 - SummaryNASBA 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.