When: Dec 6, 2021 2:00 PM
Location: AuditNet Sim Live
Ticket Price: $50.00
Auditors have an inherent need to select samples of a population. This session will explain selection techniques of sample items which may be based on 100% testing of data tests or a statistical sample. All popular audit sample approaches will be discussed along with a discussion of when each may best be used, including: Record Samples (Random, Fixed Interval), Monetary Unit Samples, and Stratified Samples. Finally an exploration into transaction and subset scoring will be utilized to get to the best selections possible.
Specific learning objectives include:
o Distinguish between the various types of sampling and see record, stratified and fixed-unit sampling in action
o Be able to score records based on various audit reports to improve your effectiveness and reduce false positives in your samples
o Discover statistics to extract the most exceptional sample units within your normal exception reports
o Learn best practices of selecting a fraud-specific sample based on the highest mathematical likelihood
o Visualize sample results in a variety of graphs and charts to select samples with pictures
CPE: 2 Credits
Program Level / Prerequisites and Advance Preparation: Basic / None
Delivery Method: Group Internet Based
Category: Specialized Knowledge and Applications
This is a simulated live (recorded) Webinar and there will be no polling questions. CPE will be based on attendance only. Certificates will be sent one week after the event.