- NY Credits : 7.0
- TX Credits : 7.0
From an introduction of audit sampling basic concepts through an overview of classical variables sampling and PPS sampling for substantive testing purposes, this course provides thorough topic coverage written in a clear, easy-to-follow style. This course has been updated for recent changes in auditing practices, including the Clarified Auditing Standards, up through SAS 133. The course also references the AICPA's Audit Sampling Guide. This advanced level course focuses on the development and expansion of in-depth knowledge, skill and application of audit sampling. This course is most appropriate for the professional with mastery of this topic or the professional seeking to expand his or her knowledge base and who may be a seasoned professional within an organization. This course also may be appropriate for other professionals with specialized knowledge in this topic.
Upon successful completion of this course, the user should be able to:
describe attribute sampling for tests of controls,
identify variables sampling for substantive purposes and classical variables sampling for substantive purposes,
demonstrate estimation techniques and sampling considerations,
explain Monetary Unit Sampling and Probability-Proportional-to-Size (PPS) sampling for attributes purposes and for substantive testing purposes, and
create an overview and summary of audit sampling.