Description
Understand substantive sampling.
Designed For
- Experienced Staff
- New In-Charge Auditors
- Firms that want consistent training and level setting
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.
Highlights
- Basic Sampling Terms and Concepts
- Sampling Economics
- Determining Sample Sizes
- Handling Misstatements
- Failed Substantive Steps
- Communicaiton and Documentation