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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
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Avoiding Common Sampling Mistakes on Financial Statement & Compliance AuditsCOURSE ID: SAMP
DESCRIPTION

Sampling is a critical means of determining the extent of testing for evaluating projected error or misstatement in financial statement, internal control, and compliance audits. This course will provide insight into how to avoid common misconceptions and misapplications in various sampling scenarios.

DESIGNED FOR: Public or industry accountants responsible for designing and performing sampling applicationsFIELD OF STUDY: AuditingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Business Learning InstituteCREDITS: 2.0OBJECTIVES:
  • Describe the difference in the purpose between attribute and variable sampling techniques, both statistical and nonstatistical
  • Explain common peer review deficiencies related to sampling
  • Apply illustrative examples to designing and evaluating the results of “real-life” sampling applications on financial statement, internal control, and compliance audits
HIGHLIGHTS:

* Selecting correct sampling method for the intended purpose of the procedure
* Calculating the sample size for tests of controls, tests of compliance, and tests of details
* Acceptable selection methods
* Evaluating the results of sampling, including resolving discrepancies and projected misstatements
* Illustrative sample documentation under various scenarios encountered in financial statement, internal control, or compliance audits

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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