Seminar Overview  

Seminar Objectives/Course Content. The internal auditor should have an adequate understanding of sampling in order to determine the appropriate sampling approach needed to accomplish the audit objectives. 

Which sampling approach do you use: Statistical or Non-Statistical?  Which approach should you use?  What are the advantages and disadvantages of statistical and non-statistical sampling approaches?

This seminar, Sampling, focuses on improving the overall effectiveness and efficiency of the internal audit, including adding value to the organization.  Emphasis is placed upon gaining an adequate understanding of sampling that will allow the use of a statistical approach in analyzing the population being audited.

The discussions will include, for example:

Understanding the risks taken whenever sampling – statistical and non-statistical

Advantages and disadvantages of statistical and non-statistical sampling

Deciding on which sampling approach would be appropriate

Understanding populations

Determining appropriate sample sizes

Selecting items to audit

Understanding the different sampling methods available

Recognizing the possible errors I can make in my conclusion

Learning Objectives. Expectations at the conclusion of the seminar: being capable of designing and implementing an effective and appropriate sampling approach to satisfy the audit objective.

Program Level/Professional Experience - Intermediate. Course is designed for both the experienced internal auditor and those with some experience in internal auditing.

Knowledge Requirements. Internal auditors with some practical experience in the internal audit process.

Advanced Preparation. None required.