Course ID: SAMP

Sampling – Avoiding Common Mistakes on Financial Statement & Compliance Audits

Sampling is a critical means of determining the extent of testing for evaluating projected error or misstatement in financial statement, internal control, and compliance audits. This course will provide insight into how to avoid common misconceptions and misapplications in various sampling scenarios. (Available in 2 or 4 hour format)

Learning Objectives

  • Describe the difference in the purpose between attribute and variable sampling techniques, both statistical and nonstatistical
  • Explain common peer review deficiencies related to sampling
  • Apply illustrative examples to designing and evaluating the results of “real-life” sampling applications on financial statement, internal control, and compliance audits

Major Topics

  • Selecting correct sampling method for the intended purpose of the procedure
  • Calculating the sample size for tests of controls, tests of compliance, and tests of details
  • Acceptable selection methods
  • Evaluating the results of sampling, including resolving discrepancies and projected misstatements
  • Illustrative sample documentation under various scenarios encountered in financial statement, internal control, or compliance audits

Who Should Attend

Public or industry accountants responsible for designing and performing sampling applications

Fields of Study





Business Learning Institute

CPE Credits




This course is available for your group as:


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