1.5 CPE Sampling is a critical means of determining the extent of testing for evaluating projected error or misstatement in financial statements, deficiencies in internal control, or noncompliance.
This course provides insight into how to avoid common misconceptions and misapplications in various sampling applications.
Course Series
This course is included in the following series:
6 CoursesAn Auditor's Perspective on...
- Preparing Financial Statements - An Auditor’s Perspective on What Matters Most
- Independence Rules for CPA’s - An Auditor’s Perspective on Significant AICPA, Public Company, Governmental, and International Differences
- Designing and Performing Sampling Plans – An Auditor’s Perspective on Monitoring Internal Controls, Compliance, and the Reasonableness of Account Balances
- FASB ASC Section 205-40: Going Concern Uncertainty – An Auditor’s Perspective
- FASB ASC Topic 470: Debt – An Auditor’s Perspective on Common Balance Sheet Classification Issues
- FASB ASC Topic 820 Fair Value – An Auditor’s Perspective on Determining Fair Value of Non-Readily Marketable Investments
Learning Objectives
- Discover how to select the most correct sampling method for the intended purpose of the procedure
- Discover how to calculate the sample size for tests of controls, tests of compliance, and tests of details
- Explore how to evaluate the results of sampling plans, including resolving discrepancies and projected misstatements
Last updated/reviewed: May 11, 2022
42 Reviews (148 ratings)
Reviews
Anonymous
(CPA, CFE, CGMA)
I wish there could be a mock account for example of inventory purchases that can be used to show us how all these sampling methods are applied to select what items to be tested; and therefore show us the impact on the selection when different method is used.
Anonymous
(Owner)
Jennifer delivers a ton of information, both at a high level and at the detail level. This is a great course both as a refresher and for new auditors to fully understand the logic purpose behind sampling methods and how they play into the audit process.
Anonymous
(Payroll Analyst)
The is a very informative course. The way in which the concepts are presented is helpful and it is easy to understand. The instructor was engaging and was able to keep this interesting. This course could be useful across many levels of an organization.
Christine Matthes
(- at None)
This course offers insightful discussion regarding sampling procedures - Covering a broad method of sample selection techniques and the basic principles and mathematicak considerations of each. Great course very well-presented!
Tiffany Miller
( at ADP)
This is an excellent refresher course that I would recommend. It is a good suggestion to keep the slide materials for future reference and is also great for recertification of the CPP. I highly recommend this course.
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
As I don't use statistics in my daily work, I would have appreciated more concrete examples of the sections being discussed. That said, this was a good overview of a topic that I don't use daily. Thanks.
Sherman Bamford
(Accountant at Carilion Clinic)
This course explains methods of audit sampling and goes into some of the mathematical methods of selecting sample size. Can be readily applied in the field. Very useful information.
Anna Poselenova
( at Junior's)
This was an informative and well-structured course. Instructor made it easy to understand. I recommend this course for someone who is looking for guidance on sampling plans.
Joyce Holiday
(Consultant at DLC)
Good overview. I always like this instructor's courses. When explaining some of the examples it seemed a little rush. We could have used more time in this area.
Anonymous
(Director)
This course provides valuable information to better understand sampling. It is also a good refresher for people who did audit but no longer in audit.
KIM MILLER
( at Miller's Mowing & More)
This webinar was very educational. It helps to better understand the Audit Process that we have at yearend. Thanks for the education.
Anonymous
()
Good overview on sampling. It explained the different approaches and when they are appropriate. The instructor is a great presenter.
Judith Poli
(Payroll Manager at Odyssey Systems Consulting)
Really great instructor, easy to follow even though the subject itself was a little challenging. Great examples and good slides.
Sealtiel Alvarez Sanchez
(Shared Service Center Manager at Aliaxis)
Specific techniques for creating samples. Very useful for auditors. Final test is very focus on specific targets and metrics.
Anonymous
(VP, WFM and BusTech)
This course provided a great overview of data sampling as well as many insightful considerations and relevant case studies.
Anonymous
(Sr. Internal Auditor)
I enjoyed the course because it provided good knowledge and was the information was presented in a clear and concise manner.
Anonymous
(Senior Payroll Specialist)
Good course if you are an auditing professional. For my purposes, payroll recertification, it was a bit too specific.
Anonymous
()
Thorough examination of sampling techniques. The PDF documents were a great visual presentation of the concepts.
Anonymous
(Senior Accountant)
Material very well presented & laid out. Not aware of the various sampling methods to obtain population tests/
Anonymous
()
This one was good. I very much enjoyed learning the content. I look forward to more courses by this instructor.
Anonymous
(Internal Audit Manager)
Very good course overall and I think this area is something that many IA departments sometimes struggle with.
Anonymous
(Consultant)
Great update on audit sampling. The course provided great info on the different audit sampling methodologies.
Anonymous
(Program Analyst)
I liked the presenters tone, word choice and rate at which she talked. It helped me to better follow along.
Marcia Williams
(N/A at N/A)
Good reference for Sampling Selection in various scenarios. Well organized and good sequence of materials.
Anonymous
(Senior Internal Auditor)
This was a really good overview of the different types of sampling methods and how to apply them
Anonymous
(IT Advisory Snr. Associate)
What a great and detailed course on sampling. Every professional will benefit from the training
Anonymous
()
Ms Louis made the course simple and interesting. Good for novice auditors as well as seasoned.
DAN ZOU
(Payroll manager at Sinopro International Resources Inc.)
good wording, well explained on many factors of the formulas, easy to understand, nice webinar
Anonymous
(Program Analyst Auditor)
Fantastic description of the different sampling types, and review of sampling strategies.
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
In my opinion, this is an outstanding course which every auditor should take. Excellent
Anonymous
(ESR)
Easy and clear to understand the instructor seem like she enjoyed talking about her topic
Lea Maynard
( at Cellular World)
This was not very relevant to payroll or HR, but is helpful for statistical evaluations.
Anonymous
()
Good introduction to sampling approaches with clear illustration of applied statistics.
Anonymous
(VP of Payoll)
This was new information for me, but I think it was well thought out and presented.
Anonymous
()
very good course about sampling Technics in planning the internal audit assignment
Anonymous
()
This class was challenging but informative. I will use it for work in the future.
Anonymous
()
Useful material, comprehensive analysis, loud and clear presentation. Thanks!
Anonymous
()
Educational for someone who knew nothing on the subject. Thanks for sharing.
Anonymous
(Payroll Manager)
Very interesting course! My first course learning about sampling plans
Allison Justice
( at ADP)
very in depth material for non accounting professional, but I passed
Anonymous
(Consultant - Process Specialist)
Great discussion on the different sampling methods.
Kevin Murray
(Controller at DA Collins)
Technical materials - pay attention.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Jennifer LouisCPA, President of Emergent Solutions Group LLC
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 75 East Santa Clara St.
- Suite 1215, San Jose, CA 95113
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