Audit Sampling
Description
It is impossible to test every single transaction in an audit. Therefore, auditors leverage sampling to efficiently respond to the assessed risks of material misstatements. When designed and executed appropriately, an audit sample can be an effective way of testing less than 100% of an account balance, or a class of transactions, while allowing the auditor to derive conclusions and evaluate the overall account balance or class of transactions. This audit sampling CPE course is a must for any auditor! It is easy to understand, full of practical insights, and engaging!
In this audit sampling CPE-eligible (1.0 CPE) eLearning course, you will learn when it is appropriate to use an audit sample, the relevant considerations when determining the sample size, and how to evaluate the results of an audit sample.
If you are an auditor who audits financial statements in accordance with PCAOB, AICPA, or IAASB auditing standards, this course is an essential component of learning how to effectively design an audit sample, whether for tests of controls or substantive tests of details. This course covers the following U.S. GAAS and PCAOB standards: AU-C Section 530 and AS 2315. Topics covered include:
- Considerations for the use of sampling
- Sampling and tests of controls
- Sampling and tests of details
Begin your journey into mastering the concepts of audit sampling under U.S. GAAS or PCAOB standards today!
Interested in group discounts for your firm or team? Contact us to learn more.
Learning Objectives
By the end of this course, you should be able to:
- Recognize when sampling is used, the various risks of sampling, and the types of sampling approaches
- Recall the requirements and considerations when selecting a sample size and evaluating sampling results
Additional Information
| Last Updated | 09/01/2025 |
|---|---|
| CPE Credit | 1.0 |
| Field of Study | Auditing |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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