Product Image

Audit Sampling

Author/Moderator: Lynford Graham, CPA, Ph.D
Publisher: AICPA
Availability: Varies by Format (See Below)
See Below To Add To Cart
View Online Catalog
Print This Page


Available Formats:  Text | On-Demand | See All

Learn how to determine appropriate sample sizes, select and evaluate samples in connection with performing auditing procedures. This course uses examples and case studies to give experience performing and evaluating samples using several important techniques such as attribute sampling for controls testing and monetary unit sampling for performing substantive tests. You will learn the situations where various substantive sampling procedures are the most appropriate. The use of sampling in special situations, such as estimating amounts and in litigation support, will also be discussed. An example of applying classical variables sampling to an audit population will also be illustrated and explained.

While the course focus is on non-statistical methods, the statistical basis of these methods will be used in illustrations.

Topics Discussed:

  • Attribute sampling for control testing
  • Monetary unit sampling for performing substantive tests
  • Relating risk in material misstatement and sampling risk
  • Controlling and evaluating sampling risk
  • Selecting a representative sample
  • Using PPS sampling
  • Nonstatistical sampling

Learning Objectives:
When you complete this course, you will be able to:

  • Explain the foundational concepts of sampling practices in auditing.
  • Describe the following types of sampling: attribute sampling, monetary unit sampling, and classical statistical sampling.
  • Identify the process of determining the most appropriate sampling technique to properly align with the given test population.
  • Explain the benefits of utilizing statistical sampling methods for audit populations

Who Will Benefit?
CPA staff (and above) who perform audits, internal auditors and other industry accountants interested in applying sampling techniques

Prerequisite: None

Advanced Preparation: None

Table of Contents


Subscription Info

Other Options

NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: Text - 7.5; On-Demand - 5.5
Audit Sampling
Text , , 2014
Product# 745705
Availability: In Stock
AICPA Member:$135.00
Your Price:$168.75
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.