Currently, all CPE and networking events are offered virtually only. Visit our updated catalog »

Understanding the Concept of Sampling – Substantive Sampling (On-Demand) 2020v2

Description

Examine the relationship between the substantive sampling application and both the overall audit strategy and the overall objective of performing a low-risk audit. Understand the common elements of relating the test results to the auditing standards requirements by exploring the auditor’s reporting responsibilities − under AU-C section 260, The Auditor’s Communication With Those Charged With Governance (AICPA, Professional Standards), and AU-C section 265, Communicating Internal Control Matters Identified in an Audit (AICPA, Professional Standards) − that relate to substantive sample results.

Format: Audio, Video, Interactive Elements

Learning Objectives
  • Identify the key characteristics of substantive audit sampling.
  • Identify methods to determine defensible substantive test sample sizes.
  • Recognize the audit implications of factual (known) and projected misstatements identified in sampling procedures.
  • Identify potential courses of action for failed substantive sampling testing.
Major Topics
  • Basic Sampling Terms and Concepts
  • Sampling Economics
  • Determining Sample Sizes
  • Handling Misstatements
  • Failed Substantive Steps
  • Communication and Documentation
Provider
AICPA - Durham
Course Level
Intermediate
CPE Field of Study
Auditing
1.5
Who Should Attend

Experienced Staff
New In-Charge Auditors

Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
1.5
Format
On-Demand

MEMBER


$ (% off)
$89.00

NON-MEMBER


$ (% off)
$109.00
Become A Member

Purchase This Program

Understanding the Concept of Sampling – Substantive Sampling (On-Demand) 2020v2


Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×