PCAOB AS 2315: Audit Sampling Overview
Enhance your auditing expertise with the PCAOB AS 2315 Audit Sampling Overview CPE Training Event, a comprehensive session designed to help auditors and CPA firm staff improve their audit sampling techniques. This course lays the foundation for understanding the objectives, methods, and best practices of audit sampling in alignment with PCAOB standards. Earn 2 NASBA-Approved Continuing Professional Education (CPE) credits while mastering the critical aspects of conducting efficient and standardized audits.
Why Attend?
Master Audit Sampling Techniques
Gain an in-depth understanding of PCAOB AS 2315 and how it guides planning, performing, and evaluating audit samples.
Improve Audit Efficiency
Learn how to systematically review audit evidence without compromising quality, reducing time and resources used while ensuring compliance with audit standards.
Ensure Accurate and Reliable Audits
Enhance your skills in error detection, fraud identification, and quality evaluation through structured audit sampling methodologies.
Earn 2 CPE Credits
Boost your professional qualifications while advancing your practical knowledge of PCAOB standards.
What You’ll Learn
This seminar offers a detailed introduction to PCAOB AS 2315 and its application in modern audit procedures.
1. Understanding PCAOB Audit Standards and Sampling Basics
- Delve into the purpose and background of PCAOB AS 2315.
- Learn essential sampling terminology and foundational concepts.
- Recognize the advantages and limitations of audit sampling.
2. Sampling Techniques for Audit Testing
- Explore sampling methods for substantive testing of data.
- Understand how audit samples assess internal control quality and reliability.
- Learn about dual-purpose sampling for testing controls and performing substantive tests simultaneously.
3. Practical Audit Sampling Applications
- Apply sampling techniques to improve the planning and efficiency of audits.
- Assess and mitigate sampling and non-sampling risks.
- Understand key compliance requirements and methodologies.
Seminar Highlights
This highly focused session combines insightful presentations, practical methods, and relatable examples to reinforce your learning experience.
- Simplified Learning: Designed to make audit sampling understandable and actionable for auditors at all levels.
- Interactive Training: Engage with experienced instructors who bring real-world expertise to the classroom.
- Actionable Insights: Gain skills to directly apply sampling methods in PCAOB-regulated audits.
Event Details
- Format: Virtual, group internet-based training.
- Schedule: Runs every 8 weeks on Thursdays from 10:00 a.m. to 12:00 noon CT.
- Duration: 2 Hours
- Cost: $140 per participant.
- Custom Sessions: Private virtual seminars available for groups of two or more attendees.
Who Should Attend?
This seminar is ideal for professionals working within PCAOB-regulated environments or seeking to deepen their understanding of audit sampling, such as:
- CPA Firm Staff: Improve proficiency in planning and testing with PCAOB standards.
- Internal Auditors: Enhance audit methodologies for effective testing and reporting.
- Audit Managers and Team Leaders: Strengthen team efficiency and audit sampling frameworks.
- Compliance Professionals: Ensure alignment with PCAOB standards.
The Importance of Audit Sampling
Audit sampling is a vital process that allows auditors to evaluate data comprehensively without reviewing every single item. Guided by PCAOB Standard AS 2315, sampling provides a structured and systematic approach to assess account balances, transaction classes, and internal controls while maintaining professional accuracy and efficiency.
By honing audit sampling techniques, auditors can detect errors, identify fraud, and ensure compliance with audit standards—all while minimizing resource expenditure. This seminar equips you with the tools and insights needed to strengthen your audit processes and deliver reliable, impactful results.
Register Today
Don’t miss this opportunity to advance your skills and understanding of PCAOB standards. The PCAOB AS 2315 Audit Sampling Overview CPE Training Event is your gateway to mastering audit sampling, improving compliance, and enhancing audit outcomes in your organization.
Sign up now and earn 2 NASBA-Approved CPE credits as you gain confidence and competence in audit sampling techniques!
Details on Event Presentation
Offered every eight weeks on Thursdays at 10:00 a.m. to 12:00 noon Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: Read PCAOB AS 2315: Audit Sampling
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hourCPE Event Highlights
- What are the PCAOB Audit Standards (AS)?
- What are the advantages and disadvantages of sampling?
- What are the contents in PCAOB AS 2315?
- How does the standard differ from the International Standard on Audit Sampling?
- How should this PCAOB AS 2315 effect audit planning?
- How should this PCAOB AS 2315 effect audit procedures?
Learning Objectives
- Attendees will understand the basics of PCAOB's Audit Standard 2315.
- Identify the basic terms and foundational concepts of audit sampling in the PCAOB audit.
- Describe various sampling methods.
Key Issues on the Agenda
Section 1 - Introduction
- What is the "PCAOB"?
- Learning Objectives
- Professional Tradecraft
- Tactics Behind Financial Audits
- Trade-off Between Testing of Controls and Substantive Testing
- Advantages and Disadvantages of Sampling
Section 2 - Overview of the PCAOB Standards
- Five Major Standard Areas
- General Auditing Standards
- Audit Procedures Standards
- Auditor Reporting Section
- 2300 Audit Procedures in Response to Risks
- 2315 Audit Sampling
Section 3 - Introduction to Auditing Standard 2315.01-06
- Summary of the Table of Contents
- Topics by Paragraph
- Details on the Introduction to AS 2315
- Why use sampling?
Section 4 - Uncertaingy and Audit Sampling 2315.07-14
- Details on Uncertainty and Audit Sampling
- Sampling Risk
- Non-Sampling Risks
Section 5 - Sampling For Substantive Tests of Details 2314.16-30
- Overview
- What is a Substantive Procedure or Testing?
- Summary of Sampling in Substantive Tests of Details
Section 6 - Sampling in Tests of Controls 2315.31-43- Overview
- Examples of "Internal Controls"
- SOX Section 404
- What are Test of Controls?
- How are Internal Controls tested?
- Summary of Sampling in Tests of Controls
Section 7 - Going Forward and Summary- What is Audit Sampling?
- PCAOB Inspection Reports of the "Big 12"
- Audits with Deficiencies
Summary of the Subject Matter
The CPE event centered on PCAOB Auditing Standard 2315 offers a comprehensive exploration of audit sampling, providing professionals with invaluable insights into the intricacies of this critical aspect of auditing. This engaging session equips attendees with the knowledge and practical skills necessary to conduct rigorous and effective audit sampling processes.
Throughout this event, participants can expect to delve into the fundamental principles outlined in Auditing Standard 2315, gaining a profound understanding of the methodologies, considerations, and best practices associated with audit sampling.
By attending this event, individuals will have the opportunity to enhance their proficiency in planning, performing, and evaluating audit samples, ensuring that they are well-equipped to navigate the complexities of audit testing in alignment with PCAOB Audit Standard 2315 and audit industry best practices. Moreover, the session is tailored to foster a deep comprehension of the application of audit sampling techniques to assess less than 100 percent of items within an account balance or class of transactions, thereby bolstering the attendees' expertise in this critical area of auditing.
This event serves as a pivotal resource for professionals seeking to fortify their knowledge of audit sampling and internal controls testing, fostering a deeper understanding of the nuanced strategies essential for upholding accuracy and integrity in the audit process.
Authoritative Sources
After attending the CPE event on PCAOB AS 2315: Audit Sampling Overview, expanding your knowledge with authoritative sources is essential. Here are some reliable sources along with their web links:
- Public Company Accounting Oversight Board (PCAOB) Official Website
- The PCAOB's official website offers comprehensive insights into audit sampling, providing detailed guidance and resources related to the application of audit procedures to assess less than 100 percent of items within an account balance or class of transactions.
- PwC Viewpoint
- PwC's Viewpoint platform provides in-depth information on PCAOB AS 2315, offering an overview and guidance for planning, performing, and evaluating audit samples, which can further enhance your understanding of internal controls testing.
By referring to these authoritative sources, you can deepen your understanding of audit sampling
- Public Company Accounting Oversight Board (PCAOB) Official Website