California Association of State Auditors

Audit Sampling: First Day
This course will be an overview of:

• Audit sampling and its definition, when audit sampling is valuable, audit sampling and audit evidence, and the audit risk model
• Attribute sampling, sample size determination & sample selection, evaluating sampling results and documentation
• Determining the extent of further audit procedures, substantive audit sampling techniques and tolerable misstatement, audit implications of substantive test results, and communications with management and governance

After completing this course, the learner should be able to:

• Recognize the audit risk model and how it can be used with sampling to accomplish audit objectives.
• Identify the basic terms and concepts we will be using in the course that are common to all samples.
• Recognize some basic situations when sampling is being applied.
• Recognize how attribute sampling can meet stated audit objectives
• Determine defensible attribute sample sizes and evaluate sample results
• Identify common attribute sampling issues and some practical solutions
• Recognize the relationship of substantive detail sampling to the risk of material misstatement (RMM) and other substantive audit procedures.

 
Audit Quality: how to prevent Audit Failure
This course will be an overview of:

• The AICPA’s enhancing audit quality initiatives
• Quality control standards
• Best practices
• Proposed changes to quality control

After completing this course, the learner should be able to:

• Recognize the key elements of the AICPA’s enhancing audit quality initiative
• List proposed changes to quality control
• Identify best practices in quality control

 
Jennifer F. Louis, CPA Biography
 
Jennifer F. Louis, CPA has over 25 years of 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, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training.  She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm.  Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP.  At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor.  Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting.  She currently resides in Vienna, VA with her