- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course covers the basics of performing substantive procedures and audit sampling procedures in an audit of a nonprofit organization. Lesson 1 covers various aspects of designing and performing substantive procedures. Lesson 2 discusses the use of audit sampling in a nonprofit organization audit engagement and identifies those aspects that involve the use of audit sampling and the most efficient and effective approach to sampling in those circumstances.
Course Expiration Date: March 31, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Identify the substantive procedures required for every audit and determine when additional substantive procedures are necessary.
Determine how to design substantive procedures including specialized considerations for nonprofit organizations.
Recognize other issues related to substantive procedures including responding to fraud risks.
Identify interim audit procedures and related issues.
Identify authoritative literature, general considerations related to sampling in an audit engagement, and how to plan the extent of substantive procedures.
Identify the requirements of substantive procedures and how they apply to all audit samples, and how sampling is used for substantive tests of details.
Determine how audit sampling is used in tests of controls.
Lesson 1—Substantive Procedures
Lesson 2—Audit Sampling