Course ID: NSE2

Nonstatistical Sampling for Efficient Audits

Auditors many times do little sampling as part of an audit as the result of a common misconception that sampling must be statistical. However, there are audit efficiencies that can be gained by considering the use of Nonstatistical sampling techniques and applications. Understanding how to design these application can improve efficiency and maintain effectiveness. This program illustrates the guidance in the current AICPA Audit Sampling Guide using a case study approach.


LEARNING OBJECTIVES
  • Participants will be able to select, perform, and evaluate samples.

MAJOR TOPICS
  • Requirements under the risk assessment standards
  • Planning nonstatistical procedures
  • Sampling when testing controls and when performing substantive tests
  • Sampling techniques
  • Determining sample sizes
  • Use of probability proportional to size sampling
  • Sampling error evaluation problems
  • Documentation requirements

DESIGNED FOR
CPAs in public practice.

FIELD OF STUDY
Auditing

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
2.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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