Auditors’ findings and recommendations are often challenged by management on the grounds that sampling activity is unrepresentative and that opinions reached are inconclusive in terms of significance. In order to overcome this deficiency, auditors are increasingly turning to modern methods of l sampling which have been greatly improved as a result of computer technology.
This course provides a basic understanding of practical sampling, explains the principles of sampling and it focuses on the various methods, their advantages and disadvantages.
After completing this course, you will be able to:
describe sampling techniques,
describe the steps for testing controls using attribute and discovery sampling
Participants will become familiar with the principles and basic methods of sampling
How and why auditors undertake sampling
Managements view’s and reactions
Concepts of Statistical Sampling
Selection of sample items
Standard 13.6 – Work Program
Standard 14.2 – Analysis and Potential Engagement Findings
Standard 14.6 – Engagement Documentation
How does sampling fit into the Methodology
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