Understand substantive sampling.
Learning Objectives
Identify the key characteristics of substantive audit sampling.;Identify methods to determine defensible substantive test sample sizes.;Identify potential courses of action for handling misstatements, factual and projected, and failed substantive sampling testing.
Major Topics
Basic Sampling Terms and Concepts;Sampling Economics;Determining Sample Sizes;Handling Misstatements;Failed Substantive Steps;Communicaiton and Documentation