Course Overview

Audit Sampling is a practical course designed to equip auditors and accounting professionals with the knowledge and techniques required to select, evaluate, and document audit samples effectively. The course covers statistical and non-statistical sampling methods, sample-size determination, sampling risk, testing procedures, evaluation of sample results, and documentation of sampling decisions. Participants will apply sampling techniques to real-world audit scenarios to improve audit efficiency and reliability.

Target Participants

The course is suitable for:

• Internal and external auditors
• Audit officers and audit assistants
• Audit supervisors and managers
• Accountants and finance officers
• Risk and compliance professionals
• Internal control officers
• Government and public-sector auditors
• NGO and donor-funded project auditors
• Audit committee members and governance professionals

Course Objectives

By the end of the course, participants will be able to:

1. Explain the purpose, principles, and importance of audit sampling.
2. Distinguish between statistical and non-statistical sampling.
3. Identify appropriate sampling methods for different audit assignments.
4. Assess and manage sampling risk.
5. Determine appropriate sample sizes based on audit objectives and risk.
6. Apply random, systematic, stratified, and other sampling techniques.
7. Select representative audit samples from financial and operational populations.
8. Perform tests of controls and substantive procedures using audit samples.
9. Evaluate sampling results and identify deviations or misstatements.
10. Understand the relationship between materiality, audit risk, and sample size.
11. Document sampling methodology, selection procedures, results, and conclusions.
12. Use practical tools such as Excel to support audit sampling and analysis.

Course Outline