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Audit Sampling: A Comprehensive Guide to Effective and Efficient Sampling in Tests of Details and Tests of Controls
Brand: Checkpoint Learning CPE Credits : 8
Category: Accounting & Auditing Level: Basic

This webinar explains the use of sampling in an audit. The course incorporates PPC practice aids, and is focused on the PPC approach to audit sampling in both substantive tests and tests of controls. It provides a solid understanding of basic and advanced sampling topics, while staying focused on practical issues and efficiency considerations. Major topics include the following:

  • Alternatives to sampling and selecting appropriate tests
  • Using PPC’s Planning Worksheet to Determine Extent of Substantive Tests
  • The role of risk assessment in audit sampling
  • The factors that affect sample size and reliability

For tests of controls -

  • Selecting controls to test and defining deviations
  • Defining the period covered and the population
  • Calculating the sample size (large and small populations)
  • Selecting the sample items
  • Evaluating exceptions and responding to deficiencies
  • Evaluating results and the determining the appropriate level of reliance on controls
  • Defining the population and sampling unit

For tests of details -

  • Tolerable misstatement and individually significant items
  • Inherent risk, control risk, and other procedures risk
  • Calculating the sample size
  • Selecting the sample items
  • Evaluating sample results and determining the level of assurance achieved
  • Using PPC’s tools to plan the sample and evaluate results

Please see outline below for webinar break schedule.

  Class Dates Media Format   Price Class Time
06/05-06/05/2018 Webinar   $189.00 09:00 AM - 05:00 PM Central Time
NASBA Delivery Method : Group Internet-based
NASBA Field of Study:
Auditing   8.0  hours
NASBA Publication/Revision Date:
NASBA National Registry of CPE Sponsors: Yes
NASBA Quality Assurance Service: No
Other Certifications:
  • NY Credits : 8.0
  • TX Credits : 8.0
Learning Objectives: Show
Outline: Show
Pre-requisites: Knowledge of auditing
Advanced Preparation: None
System Requirements:

Webinars are scheduled through a WebEx service that is not yet supported on mobile devices (mobile phone, iPad, or other tablet devices).

Windows Operating Systems: Windows Vista 32-bit/64-bit, Windows 7 32-bit/64-bit, Windows 8 32-bit/64-bit, Windows 8.1 32-bit/64-bit, Windows Server 2008 64-bit, Windows Server 2008 R2 64-bit, Windows 10. Mac Operating Systems: OS 10.7, 10.8, 10.9, 10.10, 10.11.

Minimum System Requirements: Intel Core2 Duo CPU 2.XX GHz or AMD processor (2 GB of RAM recommended). JavaScript and cookies enabled on the Web browser. Active X enabled (unblocked for IE).

Browsers: Microsoft Internet Explorer 7 or later, Mozilla 1.7 or later, Firefox 3 or later, Safari 5 or later, Chrome 5 or later.

Course ID: W360T
Course Version: 1.00
To make your selection, check the box next to the event of your choice and then click on the green "Buy Now" button. If you prefer to order or register by phone, please call 1-800-231-1860
Refer to Course ID - W360T
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