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Understanding the Concept of Sampling - Substantive Sampling

 
 
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Registration is Open
VSCPA Members
$99.00 Regular Registration
Non-members
$129.00 Regular Registration
Designed For:

Experienced Staff
New In-Charge Auditors

In this CPE course, we will examine the relationship of the substantive sampling application to the overall audit strategy as well as to the overall objective of performing an audit with a low risk that an undetected material misstatement in the financial statements remains. Regardless of the substantive audit sampling techniques used, there are common elements of relating the test results to the auditing standards requirements that need to be understood.

The auditor has various reporting responsibilities under AU-C section 260, The Auditor's Communication With Those Charged With Governance (AICPA, Professional Standards), and AU-C section 265, Communicating Internal Control Matters Identified in an Audit (AICPA, Professional Standards), that may relate to substantive sample results. These requirements will be reviewed here to ensure that they are understood in the context of substantive audit sampling.

Delivery Method: Self Study
CPE Credit: Auditing
Program Level: Intermediate

Related Events

The Virginia Society of CPAs (VSCPA) 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 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.