OasisLMS

Determining sample size

Learning how to determine sufficient sample sizes that meet audit planning needs is an important part of your role as an experienced auditor. You can gain an understanding of this concept by examining topics, such as:

• Sampling basics
• Attribute sampling
• Determining a defensible sample size
• Dual-purpose testing

Testing controls

You can also learn more about other sampling topics related to controls, including:

• Designing and implementing controls over financial reporting
• Opportunities for engagements to use reliance on controls

Substantive testing overview

Understanding the principles of substantive testing will help you in your audits. You can further your knowledge in several areas, including:

• Substantive testing of detail
• Monetary unit sampling (MUS) concepts
• Commonly used sampling techniques

Learning Objectives

• Identify the basic terms and concepts that are common to all samples and the relationships between key factors and sample sizes.
• Apply attribute sampling to meet stated controls testing audit objectives and determine defensible sample sizes.
• Identify the key points relating to evaluating and documenting sampling results.

Key Topics

• Basic terms and concepts in sampling
• Attribute sampling for tests of controls
• Determining the sample size
• Methods to compute attribute sample sizes
• Performing audit procedures
• Sample evaluation
• Documentation

Who Will Benefit

• Experienced staff
• New in-charge auditors
• Firms that want consistent training and level setting