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Secure Transaction CPE Credits
1 Credits: Auditing
Course Level
Basic
Format
Webcast
Course Description
Non-statistical sampling is still the workhorse method on most private-company audits—but it’s also one of the easiest areas to over- or under-do. In this one-hour course from Sunish Mehta, CPA, CGMA, you’ll walk through a practical “Top 10 List” for non-statistical sampling that ties directly back to AUC 350 and the audit risk model, with a clear focus on efficiency, documentation, and peer-review defensibility.
Using real-world scenarios, Sunish shows how to position sampling as a last resort, disaggregate populations before testing, choose the right sampling unit, and select between random, systematic, and haphazard methods. You’ll see how tolerable misstatement (as the application of performance materiality), sampling risk, stratification, and the percentage/ratio method work together to drive sample size, evaluation of errors, and extrapolation—so you can project misstatements, respond appropriately, and avoid audit failure.
Learning Objectives
After completing this course, participants will be able to:
- Identify the requirements for nonstatistical sampling under AUC 350 and how they connect to the audit risk model.
- Distinguish when to use nonstatistical sampling versus tests of controls, analytics, and individually significant items (ISI) in responding to assessed risks.
- Determine appropriate sampling units and select samples using random, systematic, or haphazard methods in accordance with professional standards.
- Calculate and apply tolerable misstatement in a sampling context, and evaluate sampling risk using stratification and the percentage/ratio method.
- Analyze identified sampling errors, distinguish them from timing differences, extrapolate misstatements to the population, and develop appropriate audit responses and proposed adjustments.
Course Specifics
WC1925457134
December 5, 2025
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Sunish Mehta, experienced CPA, CGMA, CPE Instructor and thought leader. As founder and principal of Mindful-CPA Mindful-PRO, Sunish has over 30 years of experience. He leads training courses in Accounting, Auditing, Leadership & Management and Mindfulness with an attitude of making things Fun & Easy for all his audiences! Professional Highlights: Inner MBA – New York University 2021. BS in Accounting & Business Admin – California State University, Northridge 1993 National Speaker with leading CPE Providers for over 16 years leading seminars, webinars, courses and workshops across the US and India, China and The Philippines. Over 15 years of professional …
Webcast
