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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:
7 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
- Recently Issued GAAP Relevant to Small- or Mid-Size Private Companies – An Auditor’s Perspective on What Merits the Most Attention
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: October 10, 2018
5 Reviews (29 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
(Consultant)
Great update on audit sampling. The course provided great info on the different audit sampling methodologies.
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
In my opinion, this is an outstanding course which every auditor should take. Excellent
Anonymous
()
Useful material, comprehensive analysis, loud and clear presentation. Thanks!
Kevin Murray
(Manager of Finance at NYSTRS)
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 .