Guide to Audit Sampling

3 Credits: Auditing


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Guide to Audit Sampling

Course Level
CPE Credits

3 Credits: Auditing

Course Description

Auditors can save vast amounts of time by applying the concepts of audit sampling to their audit engagements. The Guide to Audit Sampling course explores the circumstances under which sampling can be used, how to properly set the parameters for sampling, determine the correct sample size, and examine the results. Following the guidance in this course can improve one’s audit efficiency, while avoiding incorrect judgments regarding client misstatements.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the different types of audit sampling.
  • Identify the characteristics of statistical and nonstatistical sampling.
  • Specify the different types of risks associated with auditing.
  • Recognize the issues associated with extracting a sample from a population.
  • Identify the efficiencies that can be gained while conducting audit sampling.
  • Identify the topics to include in the documentation of audit sampling.
  • Specify the indicators of fraud that may appear during audit sampling.
  • Recognize the circumstances under which a misstatement is extended to an entire population.
  • Specify the factors that can alter the size of a sample.
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Course Specifics

Course ID
Revision Date
May 21, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …