The Internal Auditor's Use of Sampling (SMPL)
This half-day course is for all levels of auditors.
It gives internal auditors the knowledge they need to use statistical or non-statistical "sampling" on-the-job.
It also does the following:
· De-emphasizes much of the theoretical, mathematical background and statistical jargon.
· Takes the mystery and mathematical mystique out of the sampling process.
· Promotes both statistical and non statistical sampling and provides practical cases on when and how to use each.
· Provides a logical approach for those who use only non-statistical sampling.
· Clarifies definitional problems by clearly defining terms such as:
o Expected error rate
o Achieved upper precision limit
o Risk of incorrect acceptance
o Risk of incorrect rejection
o Risk of over-reliance on controls (risk of assessing control risk too low)
o Risk of under-reliance on controls (risk of assessing control risk to high)
· Shows how sampling can be a valuable tool that lets the auditor gather enough evidence to support conclusions.
· Contrasts the detail audit work with the overall risks that are acceptable.
The course is a "must" for auditors who wish to perform the "right" amount of testing - not too much; not too little.
Participants will obtain fundamental information that will allow them to properly use sampling techniques that will increase audit efficiency.
A more intense full-day course is also available.
Category: Auditing – Internal & External