This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.


Experienced Staff/New In-Charge - Understanding the Concept of Sampling Substantive Sampling Logo aicpa

  $89.00 - 109.00 |   CPE: 1.5 |   AICPA |   Jul 2020 |   Auditing |   AICPA Store
Who Will Benefit?
  • Experienced Staff
  • New In-Charge Auditors
  • Firms that want consistent training and level setting
Key Topics
  • Basic Sampling Terms and Concepts
  • Sampling Economics
  • Determining Sample Sizes
  • Handling Misstatements
  • Failed Substantive Steps
  • Communicaiton and Documentation
Learning Objectives
  • Identify the key characteristics of substantive audit sampling.
  • Identify methods to determine defensible substantive test sample sizes.
  • Identify potential courses of action for handling misstatements, factual and projected, and failed substantive sampling testing.

This CPE course can be purchased individually or as part of the Audit Staff Essentials - Experienced Staff/New In-Charge staff training bundle.

Examine the relationship between the substantive sampling application and both the overall audit strategy and the overall objective of performing a low-risk audit. Understand the common elements of relating the test results to the auditing standards requirements by exploring the auditor's reporting responsibilities − under AU-C section 260, The Auditor's Communication With Those Charged With Governance (AICPA, Professional Standards), and AU-C section 265, Communicating Internal Control Matters Identified in an Audit (AICPA, Professional Standards) − that relate to substantive sample results.

Topics covered:
  • Assurance: Technical: Audit: Sampling, Intermediate


You may also be interested in: