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Sampling - Avoiding Common Mistakes on Financial Statement and Compliance Audits ON DEMAND

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2.0 Credits

Member Price $58.00

Non-Member Price $67.00

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Overview

Sampling is an important method for determining the extent of testing controls, testing compliance, and tests of substantive details. This audit CPE course allows the auditor to apply procedures to less than 100% of the population yet extend results to project likely conclusions about the entire population. This auditing CPE course will describe the proper process for both attribute testing and variable sampling in financial statement and compliance audits.

Highlights

Determining the extent of testing controls, testing compliance, and tests of substantive detail.

Prerequisites

None.

Designed For

CPAs.

Objectives

Recall generally accepted audit requirements related to sampling applications. Differentiate attribute testing for tests of controls or compliance from sampling for substantive assurance in tests of details. Explain special considerations related to testing in compliance audits performed in accordance with Uniform Guidance. Identify common sampling-related audit deficiencies.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Jennifer Louis, Surgent McCoy CPE LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.

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Non-Member Price $67.00

Member Price $58.00