Audit Sampling Techniques - In-Person
Hone your audit skills and advance your professional expertise with the “Audit Sampling Techniques” in-person seminar. This deeply focused half-day event equips auditors and compliance professionals with practical knowledge of audit sampling methods essential for effective internal controls testing, quality assessments, and substantive audits. Gain confidence in applying both statistical and non-statistical sampling techniques while earning 4 NASBA-approved CPE credits.
Why Attend This Seminar?
1. Master Sampling Techniques
- Learn how to choose and apply appropriate statistical and non-statistical sampling methods in various audit scenarios.
- Develop the skills to determine sample sizes, evaluate results, and draw reliable conclusions.
2. Strengthen Audit Effectiveness
- Understand how to validate populations, create representative samples, and ensure results contribute to accurate audit findings.
- Address sampling risks and their implications for controls testing and substantive audit procedures.
3. Gain Hands-on Experience
- Engage with real-world case studies to practice applying sampling methods and reinforce best practices.
- Walk away with robust strategies for tackling sampling challenges in your audits.
4. Earn 4 CPE Credits
- Satisfy ongoing education requirements while sharpening your audit processes and techniques.
What You’ll Learn
This seminar dives into the intricacies of audit sampling to help you develop effective strategies for identifying, testing, and addressing risks in audit populations.
Key Learning Objectives:
- Understand foundational concepts and key terms in audit sampling.
- Evaluate the differences between statistical and non-statistical sampling approaches and their appropriate use cases.
- Determine sample sizes and evaluate both factual and projected misstatements identified in sampling procedures.
- Align sampling methodologies with the risks of material misstatement and other audit objectives.
- Conclude audits with confidence by generating accurate, well-documented results in alignment with auditing standards.
Course Details
- Location: In-person, offered in various cities across the U.S.
- Schedule: Fridays, 8:45 a.m. – 12:30 p.m., with ample opportunity for interactive learning.
- Delivery Method: Live seminar in a classroom setting for enhanced networking and engagement.
- Credits: Earn 4 NASBA-approved CPE credits based on 50 minutes of instruction per hour.
- Cost: $420 per attendee, includes all seminar materials and a Certificate of Completion.
Topics Covered
This seminar will ensure participants leave with comprehensive knowledge of all aspects of audit sampling methods.
Agenda Highlights:
- Introduction to auditing and internal controls.
- Overview of the audit testing process, including sample selection and evaluation.
- Key concepts in statistical and non-statistical sampling.
- Variable sampling for substantive tests and attributes testing for internal controls.
- Managing sampling risks and documenting conclusions effectively.
- Real-world applications and case studies to bring practices to life.
Who Should Attend?
This seminar is ideal for auditors and professionals who rely on sampling to perform quality assessments and internal control testing:
- Auditors and Compliance Professionals seeking to enhance their ability to assess large populations and identify risks.
- Quality Assurance Specialists needing a deeper understanding of sample selection and evaluation methods.
- Internal Audit Leaders looking to standardize sampling methodologies within their departments.
Why Audit Sampling is Critical
Audit sampling allows professionals to draw reliable conclusions without testing entire populations—a critical component of efficient and effective audits. Poor sampling practices risk inaccurate findings, undermining the audit's integrity. By mastering sampling techniques, you can:
- Reduce the likelihood of oversight errors.
- Increase the reliability and accuracy of audit results.
- Ensure compliance with auditing standards while optimizing resources.
Ignoring these skills can lead to operational and compliance risks that jeopardize organizational trust.
Take Your Audit Sampling to the Next Level
Join the “Audit Sampling Techniques” seminar and gain the confidence to tackle audit challenges with clarity and accuracy. With expert instructors, live case studies, and a practical focus, this in-person event delivers the tools you need to strengthen your sampling procedures and bolster your audit effectiveness.
Register now to secure your spot and earn 4 CPE credits while staying ahead in your professional auditing career!
Details on Event Presentation
Being offered in-person on Fridays at 8:45 a.m. to 12:30 p.m.
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: On-site Training (Group-Live); Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hourSeminar Highlights
Summary of the Subject Matter
This in-person 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 in-person 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 in a classroom, this event serves as a valuable resource for auditors, offering practical guidance for enhancing the precision and reliability of audit procedures.