Measuring the Sufficiency of Audit Evidence: The Role of Sampling (Currently Unavailable)

Author: Lynford Graham

This course explores why and how third parties question whether auditors have obtained sufficient evidence to support the audit opinion. You'll learn audit strategies demonstrating sufficient evidence plus defensive documentation to clarify your procedures and strategy.

Publication Date: June 2014

Designed For
CPAs performing financial statement audits — public, private, or government.

Topics Covered

• Peer reviewer, inspector and plaintiff assertions
• Professional auditing standards requirements re evidence
• How can I better demonstrate compliance with the standards?
• Simple and inexpensive solutions to common problems
• Implications of deficient audit practice
• Audit strategies demonstrating sufficient evidence
• Balancing controls tests, analytical procedures and substantive tests of detail
• Defensive documentation to clarify your procedures and strategy
• When you are questioned: what to do and NOT to do.

Learning Objectives

• Recognize the risk exposures when the quality of the audit is questioned
• Recognize potential implications of deficient audit practice
• Define strategies to demonstrate effective compliance with the standards

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None