Substantive sampling deep-dive for experienced or new in-charge audit staff. Substantive sampling and audit strategy Knowing the relationship between substantive sampling application and the overall audit strategy and objective of a low-risk audit is paramount to your work as an experienced auditor. You can enhance your understanding of common elements of substantive sampling, including: - Relating the test results to the auditing standards requirements - Exploring the auditor's reporting responsibilities regarding substantive sample results Misstatements and failed tests You'll also learn how to manage different scenarios, including: - Handling misstatements in sampling results - Failed substantive tests As part of this, you'll explore appropriate ways to communicate and document sampling approaches, results, and implications. Who Will Benefit - Experienced staff - New in-charge auditors - Firms that want consistent training and level setting Key Topics - Substantive audit sampling - Determining sample size - Application of MUS sampling techniques - Handling misstatements in sample results - Failed substantive tests - Communication and documentation 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.