Sampling is an important method for determining the extent of testing controls, testing compliance, and tests of substantive details. This audit CPE course allows the auditor to apply procedures to less than 100% of the population yet extend results to project likely conclusions about the entire population. This auditing CPE course will describe the proper process for both attribute testing and variable sampling in financial statement and compliance audits.
Learning Objectives
Upon completion of this course, participants will be able to:
Recall generally accepted audit requirements related to sampling applications
Differentiate attribute testing for tests of controls or compliance from sampling for substantive assurance in tests of details
Explain special considerations related to testing in compliance audits performed in accordance with Uniform Guidance
Identify common sampling-related audit deficiencies
