Guide to Sampling for Substantive Testing

Sampling is an important tool that improves the efficiency of audit engagements. During this course, we will take a deep dive into audit sampling for substantive testing. We will review the differences between statistical and non-statistical sampling approaches, discuss sampling risks, as well as what to consider when planning a sample for substantive testing. We will both define and walk through examples of all the different types of samples, and cover the factors that influence sample size.

Upon completion, learners will be able to:
1. Describe the various sampling methodologies
2. Recall sampling risks
3. Identify the factors that influence sample size