Event Description

Sampling is an important method for determining the extent of testing controls, testing compliance, and tests of substantive details. It 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 module will describe the proper process for both attribute testing and variable sampling in financial statement and compliance audits.

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