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Sampling - Avoiding Common Mistakes on Financial Statement and Compliance Audits


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
Not yet rated
Categories:
ACPEN Industry Institute |  Accounting and Auditing |  Yellow Book
Faculty:
Jennifer Louis, CPA
Course Levels:
Basic
Duration:
2 Hours
License:
Expires 30 day(s) after program date.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

Sampling is an important method for determining the extent of testing controls, testing compliance, and tests of substantive details. It allows the auditor to apply procedures to less than 100% of the population yet extend results to project likely conclusions about the entire population. This module will describe the proper process for both attribute testing and variable sampling in financial statement and compliance audits.

Basic Course Information

Learning Objectives
  • Recall generally accepted audit requirements related to sampling applications
  • Differentiate attribute testing for tests of controls or compliance from sampling for substantive assurance in tests of details
  • Explain special considerations related to testing in compliance audits performed in accordance with Uniform Guidance 
  • Identify common sampling-related audit deficiencies

Major Subjects
  • Types of sampling and sampling risk
  • Differentiating statistical and nonstatistical sampling approaches
  • Attribute testing for tests of controls and compliance
  • Variables sampling for substantive audit assurance when performing tests of details
  • Determining sample sizes in a compliance audit in conformance with Uniform Guidance

Course Materials

Faculty

Jennifer Louis, CPA's Profile

Jennifer Louis, CPA Related Seminars and Products

President

EMERGENT SOLUTIONS GROUP


Jennifer has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success.  In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis.  Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years.  Prior to that, Jennifer was Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly respected training and audit process consulting firm later acquired by Thomson Reuters.  Over her six years at AuditWatch, Jennifer served many roles.  She began her career at AuditWatch as Vice President of Product Development.   Jennifer also served as an instructor and consultant for the firm’s Audit Productivity Improvement Program (a comprehensive program enabling accounting firms to enhance audit quality and improve audit efficiency), as well as various other training courses.  Later, Jennifer was primarily responsible for working with clients to design high-caliber, customized training programs.  She led the Training Services Division, which includes AuditWatch University (“core-level” staff training for new hires to managers) and related offerings.  She also co-authored the Guide to Value-Added Auditing (Thomson/Practitioners Publishing Company, Fort Worth, TX, July 2001).

Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP.  While at AARP she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and trainings.

Jennifer was also an Audit Manager at Deloitte, in Washington, DC.  During her five years with Deloitte, she was a frequent local and national instructor.  Jennifer also served as an instructor for the firm’s national “Train the Trainers” program. 

Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting.  She is currently a member of the American Institute of Certified Public Accountants (AICPA) and is licensed to practice accounting in the Commonwealth of Virginia and North Carolina.Contact Jennifer via email at jlouis@emergentgroup.net, or via LinkedIn


Dates

Wed, Jun 04, 2025 - 11:00 AM to 12:48 PM CDT
Sat, Jun 14, 2025 - 1:00 PM to 2:48 PM CDT
Tue, Jun 24, 2025 - 3:00 PM to 4:48 PM CDT
Thu, Jul 10, 2025 - 9:00 AM to 10:48 AM CDT
Tue, Jul 29, 2025 - 6:00 PM to 7:48 PM CDT
Wed, Aug 06, 2025 - 1:00 PM to 2:48 PM CDT
Thu, Aug 28, 2025 - 3:00 PM to 4:48 PM CDT
Tue, Sep 09, 2025 - 9:00 AM to 10:48 AM CDT
Wed, Sep 24, 2025 - 11:00 AM to 12:48 PM CDT
Thu, Oct 02, 2025 - 1:00 PM to 2:48 PM CDT
Mon, Oct 20, 2025 - 3:00 PM to 4:48 PM CDT
Sat, Nov 01, 2025 - 9:00 AM to 10:48 AM CDT
Wed, Nov 26, 2025 - 11:00 AM to 12:48 PM CST
Thu, Dec 04, 2025 - 6:00 PM to 7:48 PM CST
Mon, Dec 15, 2025 - 3:00 PM to 4:48 PM CST
Tue, Dec 23, 2025 - 9:00 AM to 10:48 AM CST
Thu, Jan 08, 2026 - 11:00 AM to 12:48 PM CST
Fri, Jan 23, 2026 - 1:00 PM to 2:48 PM CST
Sat, Feb 14, 2026 - 3:00 PM to 4:48 PM CST
Tue, Feb 24, 2026 - 9:00 AM to 10:48 AM CST
Thu, Mar 12, 2026 - 6:00 PM to 7:48 PM CDT
Fri, Mar 27, 2026 - 1:00 PM to 2:48 PM CDT
Wed, Apr 08, 2026 - 3:00 PM to 4:48 PM CDT
Tue, Apr 28, 2026 - 9:00 AM to 10:48 AM CDT
Thu, May 07, 2026 - 11:00 AM to 12:48 PM CDT
Sat, May 23, 2026 - 1:00 PM to 2:48 PM CDT
Wed, Jun 03, 2026 - 3:00 PM to 4:48 PM CDT
Tue, Jun 16, 2026 - 9:00 AM to 10:48 AM CDT
Mon, Jun 29, 2026 - 11:00 AM to 12:48 PM CDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Anyone who performs audits
Original Recording Date 04/2025
Course Developer EMERGENT SOLUTIONS GROUP
Date Added to Catalog 03/2025
Yellow Book Yes

Additional Information

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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


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