CPE Credits: 2

Field of Study 1: Auditing

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

This is a two-hour session that is devoted to discussing the most often employed quantitative methodologies in an audit conducted in accordance with GAAS.  Not surprisingly, these two areas (sampling and analytic procedures) are frequent sources of peer review findings that relate to both the substance and effectiveness of the particular application and/or compliance with documentation requirements for the particular application.  This webinar is a mini-workshop session that demonstrates the effective and efficient use of sampling and analytic procedures in the smaller, unsophisticated audit environment. 

Topics Covered: Topics addressed in this session include:

Substantive analytic procedures from the perspective of 

• Simple regression analysis, and 
• Mean estimation

 Sampling matters 

• Defining the population. 
• Item selection methods, 

1. Dollar-reactive, 
2. Dollar-neutral, 
3. Selection methods that compensate for repeating patterns in a population.

• The audit of selected items, 
• Evaluating the results of sampling applications, 

1. Dollar-reactive, 
2. Dollar-neutral, 
3. Evaluation methods that are appropriate in the presence of high variability

Minimum documentation requirements for sampling and analytic procedure applications. 

This course is produced and sponsored by Business Professionals' Network Inc. and the ACPEN Network.  Business Professionals' Network, Inc. is registered with the National State Board of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors under #107810. ... Read More