Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Nonstatistical Sampling for Efficient Audits (NSE2)

2-Hour Program

WHY ATTEND THIS COURSE?

Auditors many times do little sampling as part of an audit as the result of a common misconception that sampling must be statistical. However, there are audit efficiencies that can be gained by considering the use of Nonstatistical sampling techniques and applications. Understanding how to design these application can improve efficiency and maintain effectiveness. This program illustrates the guidance in the current AICPA Audit Sampling Guide using a case study approach.

DESIGNED FOR...

CPAs in public practice.

OBJECTIVE

Participants will be able to select, perform, and evaluate samples.

MAJOR SUBJECTS

  • Requirements under the risk assessment standards
  • Planning nonstatistical procedures
  • Sampling when testing controls and when performing substantive tests
  • Sampling techniques
  • Determining sample sizes
  • Use of probability proportional to size sampling
  • Sampling error evaluation problems
  • Documentation requirements

COURSE ACRONYM: NSE2

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Auditing

RECOMMENDED CPE CREDIT: 2 hours


Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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: www.nasbaregistry.org.