Course ID: SAMP

Avoiding Common Sampling Mistakes on Financial Statement & Compliance Audits


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.


LEARNING OBJECTIVES
  • 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

MAJOR TOPICS
  • 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

DESIGNED FOR
Public or industry accountants responsible for designing and performing sampling applications

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
2.0

LEVEL
Basic

This course is available to be scheduled as:

Group Live
 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org