- 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 No. 131. The course also references the AICPA's Audit Sampling Guide.
Upon successful completion of Audit Sampling, 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.