A Guide to Sampling - Part 1
$50
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.
Upon completing this course, learners will be able to:
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
CPE Credits:
2.5
Program Level:
Overview
