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2024 A Guide to Sampling - Part 1

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TBD

2.0 Credits

Member Price $79

Non-Member Price $79

Overview

Sampling is often identified as a common audit deficiency in peer review. This course will review when is sampling applicable and basics of planning a sample. We'll then focus on the application of sampling in financial statement audits with a look at sampling for substantive procedures. We'll look at the use of monetary unit sampling and tools that can be leveraged to reduce bias in sampling.

Highlights

  • Sampling
  • Monetary Unit Sampling

Prerequisites

None

Designed For

Accounting professionals

Objectives

  • Identify when a procedure requires sampling
  • Recall key elements of a sampling plan
  • Recognize proper application of AU-C 530 for tests of details
  • Perform MUS sampling 

Preparation

None

Non-Member Price $79

Member Price $79