An Intensive 5-day Training Course
Audit Sampling
From Engagement Planning to Execution
CLASSROOM DATES
INTRODUCTION
Audit sampling is a critical technique used by auditors to obtain sufficient and appropriate audit evidence while examining less than 100% of a population. With the increasing complexity of financial transactions, digital accounting systems, and regulatory requirements, auditors must apply structured sampling methodologies aligned with international auditing standards and supported by modern data analytics tools.
This EuroMaTech comprehensive training program provides participants with a practical understanding of risk-based audit planning, materiality assessment, statistical and non-statistical sampling techniques, and the application of audit sampling across financial statement areas. The program also explores how technology, data analytics, and modern auditing tools enhance sampling efficiency and audit quality. Through case studies and practical exercises, participants will learn how to design, implement, evaluate, and document audit sampling procedures in accordance with best practices and international standards.
Participants on the Audit Sampling training course will develop the following competencies:
- Understanding key principles and standards of audit sampling.
- Applying risk-based approaches in sampling design.
- Determining appropriate sample sizes and selection methods.
- Using statistical and non-statistical sampling techniques.
- Evaluating sampling results and identifying misstatements.
- Applying sampling procedures across financial statement areas.
- Utilizing data analytics to support audit sampling.
- Properly documenting sampling procedures and conclusions.
TRAINING OBJECTIVES
This Audit Sampling training course aims to enable participants to achieve the following objectives:
- Understand the role of audit sampling within the audit process
- Apply risk-based audit planning to determine sampling approaches
- Interpret and apply relevant International Standards on Auditing related to sampling
- Calculate and apply materiality and performance materiality in sampling decisions
- Apply sampling procedures across key financial statement accounts
- Evaluate sampling results and draw appropriate audit conclusions
- Utilize data analytics and computer-assisted audit techniques (CAATs) in sampling
- Document audit sampling procedures in accordance with professional standards
- Identify common sampling errors and apply best practices in audit engagements
WHO SHOULD ATTEND?
This EuroMaTech Audit Sampling training course is designed for those that have a practical knowledge of audit procedures, who have been involved in their organisation’s audit process or who wish to broaden their professional technical skills.
It would suit the following:
- External Auditors Who Wish to Develop Their Technical Skills and Compliance
- Internal Auditors Who Wish to Understand Their Role in the Audit Process
- Accountants Who Wish to Understand the Scope of the Audit and Their Role
- Financial Executives Who Wish to Gain a Better Understanding of the Regulatory Audit Environment
- Any Other Professional Involved in the Preparation for the Audit Process or the Conducting of Audit Procedures
TRAINING METHODOLOGY
The EuroMaTech training course in Audit Sampling uses an interactive and practical learning approach combining expert lectures, real-world case studies, practical exercises, group discussions, and hands-on sampling examples. Participants will engage in audit scenario analysis, sampling calculations, and evaluation exercises designed to strengthen their ability to apply audit sampling techniques effectively in real audit environments. Modern audit tools and data-driven techniques will also be discussed to ensure participants gain exposure to current professional practices.
TRAINING SUMMARY
This comprehensive EuroMaTech Audit Sampling training course will enable each participant to appreciate and understand the concepts and certain complexities associated with audit sampling as part of substantive audit procedures, along with topic terminology, concepts and applications. >Explore: Finance & Budgeting Training Courses
TRAINING OUTLINE
Day 1: Fundamentals of Audit Sampling and Risk-Based Auditing
- Overview of the Audit Process and Assurance Framework
- Role of Audit Sampling in Financial Statement Audits
- International Standards on Auditing Relevant to Sampling (ISA 530)
- Risk-Based Auditing Concepts
- Understanding Audit Risk Components
- Understanding the Entity and Its Environment
- Internal Control Evaluation and Its Impact on Sampling
- Types of Audit Evidence
- Introduction to Statistical vs Non-Statistical Sampling
- Practical Case Study: Designing a Sampling Strategy
Day 2: Audit Planning, Materiality and Sampling Design
- Audit Planning and Engagement Strategy
- Understanding Assertions in Financial Statement Audits
- Materiality and Performance Materiality
- Determining Tolerable Misstatement
- Sampling Risk and Non-Sampling Risk
- Population Definition and Stratification Techniques
- Sample Size Determination
- Selection Methods (Random, Systematic, Haphazard, Stratified)
- Documentation Requirements for Sampling Plans
- Workshop: Developing an Audit Sampling Plan
Day 3: Applying Audit Sampling to Assets
- Audit Assertions for Asset Accounts
- Sampling in Cash and Cash Equivalents
- Sampling for Trade Receivables and Confirmations
- Sampling in Inventory Testing
- Sampling for Property, Plant and Equipment
- Sampling for Investments and Financial Assets
- Testing for Asset Valuation and Existence
- Using Data Analytics for Asset Testing
- Case Study: Sampling Procedures for Inventory and Receivables
Day 4: Sampling Techniques for Liabilities and Equity
- Audit Assertions for Liabilities and Equity
- Sampling in Accounts Payable Testing
- Sampling for Accruals and Provisions
- Sampling for Loans and Financial Liabilities
- Sampling for Related Party Transactions
- Sampling in Capital and Equity Transactions
- Testing Completeness of Liabilities
- Identifying Fraud Risks in Liability Sampling
- Workshop: Designing Liability Sampling Procedures
Day 5: Sampling for Revenue and Expenses & Evaluating Results
- Sampling for Revenue Recognition Testing
- Sampling for Cost of Sales and Expenses
- Sampling for Payroll and Employee Benefits
- Sampling for Operational and Administrative Expenses
- Evaluating Sampling Results
- Projecting Misstatements from Samples
- Assessing Sampling Errors and Exceptions
- Audit Documentation and Reporting Requirements
- Common Sampling Errors in Auditing
- Best Practices in Modern Audit Sampling
- Final Case Study: End-to-End Audit Sampling Application
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ACCREDITATION
EuroMaTech 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.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
