Surgent's Essentials Of Audit Sampling

ON-DEMAND

Online

2-A&A
CPE Credits

When performing an audit, an auditor bases his/her opinion about whether the financial statements are free from material misstatement on a variety of tests on the underlying account balances and classes of transactions. Some balances, such as debt, may be tested 100% but more often, such as is the case with accounts receivable, the auditor will use sampling applications to obtain sufficient evidence to support the opinion and will not test 100% of the population. The auditor will also use sampling when testing control activities to conclude on the effectiveness of the controls. Compliance and accuracy in the accumulation of information is also tested by sampling. This module explores the different sampling applications used in a financial statement/compliance audit.
Highlights
  • Discuss the professional requirements related to sampling applications
  • Differentiate attribute testing for tests of controls or compliance from variable sampling for substantive testing
  •  Explain special considerations related to internal control and compliance testing in a Single or Program Specific Audit

Registration

PICPA Member: $58
Nonmember: $78

More Information

Course No. ON-DEMAND Level: Basic

Prerequisites: None

Notes
You will have up to 90 days after the date of purchase to complete the course and take the exam. *excludes CPE Academy unlimited access.

Speaker(s)

Richard Daisley