Guide to Audit Sampling

Increase your audit efficiency by applying disciplined audit sampling techniques. This course explains when sampling is appropriate, how to define key parameters, determine the proper sample size, and evaluate results accurately. Learn how to interpret sample findings and project them to the population without introducing flawed judgments about misstatements. Develop a structured sampling approach that saves time while maintaining rigorous audit standards.
Format

PDF Course

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Duration

3 Hours

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Course Information

Author: Steven Bragg
Course Number: AU1021

Learning Objectives
  • Recognize the different types of audit sampling.
  • Identify the characteristics of statistical and nonstatistical sampling.
  • Specify the different types of risks associated with auditing.
  • Recognize the issues associated with extracting a sample from a population.
  • Identify the efficiencies that can be gained while conducting audit sampling.
  • Identify the topics to include in the documentation of audit sampling.
  • Specify the indicators of fraud that may appear during audit sampling.
  • Recognize the circumstances under which a misstatement is extended to an entire population.
  • Specify the factors that can alter the size of a sample.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: A basic understanding of statistics.
Advance Preparation: None
Latest Review Date: March 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.