Training Courses

AUDIT SAMPLING

This course covers the basic theory of statistical and non-statistical sampling and how those tools are used by internal auditors. It utilizes the self-study course Sampling for Internal Auditors – 2^nd Edition, published by The IIA. (Separate purchase of self-study course from The IIA is required for each participant.)

Course Objectives (8 CPE Hours)

Understand the need for sampling
Understand basic probability theory
Improve skills in developing and interpreting statistical samples in audits

Who Should Attend:

Auditors that perform audit tests and want to understand and quantify the risks associated with reviewing only a portion of the transactions in a universe.

Course Modules:

Why we sample
Basic probability theory
What the Standards say
Non-statistical sampling – judgmental, systematic, and haphazard sampling
Statistical sampling – attributes, dollar value and dollar unit sampling

Course Post-work:

For an additional 20 CPE hours of credit, participants will need to complete the requirements, including final exam, outlined in the self-study course. That process will be discussed in the day, but not completed during the course.

Course Leader:

Larry Hubbard is a professional trainer and consultant with a broad background in accounting, auditing, and finance. Prior to founding Larry Hubbard & Associates, Larry’s work experience included Mobil Corporation and Ernst & Young. More information is at: www.LHubbard.com

Administration:

No advance preparation or prerequisites are necessary for this course. The program level is basic. The delivery method is Group-Live and 8 CPE hours in the Auditing field of study are available.

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