2024 A Guide to Sampling - Part 1

Monday, January 06, 2025
Webcast or Webinar, Online
10:00AM - 12:00PM (opens at 9:30 AM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC891390
Level: Overview
Vendor: ACPEN
Field of Study: Auditing

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.

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 

Major Topics:

  • Sampling
  • Monetary Unit Sampling

Major Topics:

  • Sampling
  • Monetary Unit Sampling

Designed For:

Accounting professionals

Prerequisites:

None