2024 A Guide to Sampling - Part 1
Monday, December 16, 2024
Webcast or Webinar, Online
2:00 PM - 4:00 PM (opens at 1:30 PM) EST
2Credits
Accounting and Auditing
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$79.00 Regular Price
Non-Members
$109.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC891387
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