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CPE for Government Auditors

What You Need to Know to Audit Government Programs

Audits of governmental programs require special knowledge of federal requirements and criteria including the Uniform Guidance and the GAO’s Yellow and Green Books.  In this seminar, we will cover the essentials that you need to know to perform an audit of federal grants including the Single Audit requirements and the GAO’s Generally Accepted Auditing Standards.  We will also discuss the purpose and use of the GAO’s Standards for Internal Control in the Federal Government and significant reporting requirements. We will highlight the differences between OMB Circular A-133 and the new Uniform Grant Guidance as well as the differences between a financial audit and a Single Audit.  Key acronyms and terminology are explained in plain English.

 

Objectives:

  • Identify the significant differences between a commercial financial audit and a Single Audit
  • Identify the three subjects of a single audit
  • Compare the requirements of the AICPA, the GAO, and the Uniform Grant Guidance
  • Identify major changes between OMB Circular A-133 and the audit requirements from the Uniform Grant Guidance
  • Evaluate controls using the COSO model and Standards for Internal Control in the Federal Government
  • Distinguish between fraud, abuse, and noncompliance
  • Order the levels of materiality on a Single Audit
  • Select the standards that apply to your engagement & differentiate between types of engagements.
  • Define requirements for peer review and quality control
  • Apply the new 2011 independence standards to your team
  • Create findings using the five elements of a finding
  • Identify requirements for continuing professional education
  • Generate concise and logical findings in an hour or less
  • Choose the strongest content for your finding

 

Who should attend: Auditors and monitors of governmental funds and programs who need to understand how to applyYellow Book standards to their work.

Program level: Intermediate

Prerequisites: No prerequisites or advance preparation required

Delivery method: Group live instruction

Recommended CPE credit: 8 hours of NASBA-qualified hours that counts toward the 24 hour Yellowbook CPE requirements

NASBA Category of Study: Auditing (Governmental)

 

Leading an Audit Project

As the lead on an audit project, you are no longer just a technician, but a teacher, a coach, and a manager. In this two-day course, learn how to keep a handle on project quality, scope, and resources while communicating clearly with stakeholders. We will also cover how to develop your staff and enhance your skills as a servant leader.

This course assumes you know the basics of audit planning, fieldwork, and reporting.

Course objectives include:

  • Create master plans that keep your audit on track
  • Schedule tasks for maximum impact
  • Teach new staff key audit skills
  • Implement active listening skills to get to the root of performance problems
  • Ensure audit quality with the appropriate quality and quantity of evidence

Who should attend: Auditors

Program level: Intermediate

Prerequisites: 1 or more years of audit experience

Delivery method: Group live

Recommended CPE credit: 16 hours

Auditing to Support a Meaningful Audit Report

WHAT PEOPLE SAY ABOUT THIS SEMINAR

“A very helpful course with relevant and easy to apply content led by a very knowledgeable and engaging instructor.”
- Charlie Johnson, CAE of LCRA February 2016

“Leita is one of the best instructors I have ever had. Leita reaches out to all participants—and doesn’t leave anyone ‘behind’, which is amazing considering the diversity of the class.”
- Basic Audit Skills participant, March 2013

Do you audit first and worry about the report at the end of the project? Maybe you’ve realized that no amount of editing will fix a report for an audit that went off the rails. In this course, we will look at the critical components of an audit report and how to create them – as you audit – so that the reporting process is easy.  Frequent references to audit standards will keep us grounded.

Course objectives include:

  • Sort out insignificant complaints and focus on significant risks
  • Create convincing, implementable and auditable recommendations
  • Generate concise and logical findings in an hour or less
  • Choose methodologies that support conclusions and findings
  • Choose the strongest content for your finding
  • Decide how much detail to share in the report
  • Quantify findings
  • Recognize dangerous tone and language
  • Establish expectations and guidelines for creating a compelling  finding
  • Decide when to pursue the root cause
  • Focusing the report conclusion on a finite, answerable objective
  • Refine the objective and sub-objectives

Program level: Intermediate

Instructional method: Group live instruction

Prerequisites: More than one year of audit experience

Who should attend: Auditors who write or review audit reports

Recommended CPE credit: 16 hours

 

Audit Planning and Risk Assessment

WHAT PEOPLE SAY ABOUT THIS SEMINAR

“I have been ranting and raving to my peers, family and friends about your seminar… you had me on the edge of my seat just absorbing all the information you covered! Anyone that can teach [auditing]… in such a fun, exciting and upbeat way… deserves more than just KUDOS. I am already looking into other seminars you teach.”

The ultimate impact of your audit report often depends on how you start out. A thorough planning process is key to creating compelling results. By asking a series of specific questions, you can shape your audit project into something interesting and valuable. In this seminar we will work together to develop a solid audit plan that will result in an audit report you can be proud of.

Course objectives include:

  • Uncover risk and choose an audit subject by asking specific questions
  • Refine the objectives and sub-objectives
  • Document your assessment and keep it up-to-date throughout the audit
  • Apply the 2013 version of the COSO model to your control risk assessment
  • Choose strong convincing audit methodologies

Program level: Intermediate

Instructional method: Group live instruction

Prerequisites: More than two years of audit experience

Who should attend: Auditors who plan audit engagements

Recommended CPE credit: 8 hours

Audit Methodologies

All student comments from July 2016 open enrollment class for government internal auditors…

  • The course is great for beginning auditors as well as experienced ones. It covers the basic question of how to take an objective for an audit and ensure it will yield the outcome or answer the question you are asking. Then being able to ensure your procedures address that objective. It sounds basic, but its very easy to just do standard audit procedures that may or may not address your objective.
  • The discussion on audit objectives was particularly helpful. The lesson on SPPRC and audit program design was good practice and brought up good discussion points.
  • It’s important in auditing to understand the significance of having a good audit methodology, as well as understanding how the methodology fits into the process.
  • This course was good for obtaining a basic understanding of and gaining hands on experience with audit working papers and methodologies for testing.
  • I was engaged the whole 8hrs we were in class, the instructor touched on every subject I needed clarification on.
  • Leita always has great information and is a wonderful instructor. You will leave always learning something new.
  • I really enjoyed the structure of these course. I was able to use my auditing skills and learn to enhance them.
  • This course should be required for internal auditors. I definitely learned things I will be using on the job.
  • The material is useful to rookie and veteran auditors. It will help me with my work paper development.
  • The subject matter is essential to anyone in the audit/analyst field, new or experienced.
  • One of the best instructors I’ve had at XX. She was experienced and engaging, and I actually learned a lot from the class. I appreciated that she wanted us to learn. She was very prepared. She was also very good at presenting and explaining information.
  • Leita engaged the entire class in exercises, and I learned not only from her but from other peers in the class. She had good energy, and the right mix of humor and instruction to keep the day moving along.
  • She was by far the best instructor I’ve had at XX. She kept us working and on task the whole day, but it felt fun. She really knows her audience and makes everyone feel comfortable enough to ask questions.
  • Leita was very knowledgeable of the subject matter, and she was able to interact with the class, in order to make sure everyone was understanding the material.
  • Leita is a fantastic instructor. She provides information in a clear and easily understood format and provides relevant take-aways and job-aids.
  • EXCELLENT!!! Knowledgeable, interesting, funny, and clear. I really feel like her class offer useful information in a clear and usable manner
  • She was very good at keeping my attention and made learning fun and effective. I would definitely take one of her trainings again.
  • Instructor makes a potentially stifling topic so approachable we were even able to put effort into it during the course.
  • Leita is the best. She’s knows what she’s talking about and it able to relay it to the people attending her courses.
  • Leita is very knowledgeable of the subject and provided an interesting and fun way of learning and staying engaged.
  • She is great and knowledgeable. She can gracefully articulate the subject matter to where you can understand it.
  • Leita is extremely knowledgeable and easily understood. She makes her classes lively and fun.
  • The instructor was very involved with the class and kept it very dynamic.
  • The instructor’s ability to make all of the information relevant and fun.
  • Leita was very entertaining, engaging, and educational.
  • Leita is an entertaining and informative instructor.
  • Very knowledgeable and got everyone to participate.
  • Great instructor! Keeps you alert and engaged.
  • The instructor did an excellent job.
  • Great interaction with students.
  • She is awesome!

Have you ever wanted to say something in your audit report but you can’t support with evidence? Or have you ever wasted a significant amount of time on a test that you didn’t need to perform? We will design audit methodologies that get you where you want to go as quickly and as easily as possible.  The resulting working papers convince your audit leadership that you can confidently conclude against your audit objective.

Upon completion of this course, participants will be able to:

  • Choose appropriate methodologies for a variety of objectives
  • Discern strong evidence from weak evidence
  • Develop a stand-alone working paper for a methodology

Who should attend: Auditors

Program level: Basic

Prerequisites: No prerequisites or advance preparation required

Delivery method: Group live

Recommended CPE credit: 8 hours

IIA vs. GAO Standards

Internal auditors working in government are orange… the orange that comes from implementing both IIA and GAO standards. In this course, we will walk through the essentials of both sets of standards – the GAO’s yellow book (or Government Auditing Standards) and the IIA’s red book (The International Professional Practices Framework).

Special emphasis will be placed on sections where the GAO standards and IIA standards conflict. The latest versions of both standards will be provided to all participants. You are also welcome to bring and share you audit reports, planning documentation, and internal audit charter to compare to the standards.

A case study will be used to illustrate the more difficult aspects of an audit engagement as we reference the guidance that the GAO and IIA provide.

Learning objectives include:

  • Describe core requirements of the IIA and GAO standards including
    – Assurance and consulting definitions
    – Risk assessment and planning
    – Auditor Independence
    – Documentation
    – Reporting and follow up
    – Quality control and peer review
  • Resolve key differences between the standards
  • Refer confidently to the standards noting structural differences between the two standards
  • Apply the planning requirements to a mock subject matter
  • Outline a report that follows the standards
  • Verify that your audit charter meets IIA standards

Program level: Intermediate

Instructional method: Group live instruction

Prerequisites: More than one year of audit experience

Who should attend: Auditors complying with either the Red Book or the Yellow Book or both.

Recommended CPE credit: 16 hours

Audit Reporting

WHAT PEOPLE SAY ABOUT THIS SEMINAR

“Leita!

I enjoyed the content and pace of the training today and yesterday. You mentioned that it was difficult to measure how effective your training was so here’s some news: It was the second time I’d participated in your training; some of the material was duplicate but helpful and relevant to both trainings.

The first training session in March 2013, Essential Skills for the Beginning Auditor, helped guide my practice through major office changes, two being no Director/CAE and Audit Manager for 10 months. Lose of these two roles (out of six) made a hugely negative impact to refining audit objectives, building an audit program, and clearly communicating to/with management. At this time, having only 1 1/2 years of internal audit experience and hardly any at planning or report writing, your training and print materials helped me navigate the open seas!

The new boss came in all about the FIVE ELEMENTS so, naturally we were signed up for Audit Reporting.

Audit Reporting, reinforced why/how to tie the planning and testing to supporting anything worth mentioning: To best communicate with reviewers and to bring the value to the audience, flush out less useful findings and wording in the reports. The session brought an end-in-mind approach to quickly deliver the best value.

Not to mention, your sense a humor was appreciated. Even though, the stories were mostly “women stories”, they brought a pleasant interruption to the dreary subject of Internal Audit.

Thanks!”
– Esther Villarreal, Internal Auditor Intermediate, January 2015

A 1.5-day course designed for auditors who care about the impact of their audit reports.

A logically organized report is a gift to the reader. In this course, you will learn how to create meaningful, concise reports without all the headache. We will discuss ways to streamline your writing process as well as techniques for organizing your thoughts.

This class is beneficial for both new and experienced auditors. New auditors learn how to use the elements of a finding to structure their message. Experienced auditors learn how to set clear expectations, quickly review audit reports, and coach staff to improve their writing. We will walk through each step of the report writing process and learn how to craft a clear message to fit the audience.

The class is centered on the five elements of a finding — as required by the GAO and the Single Audit Act and suggested by the Institute of Internal Auditors.

Topics include:

  • Structure audit content in support of audit recommendations
  • Create convincing, implementable and auditable recommendations
  • Generate concise and logical findings in an hour or less
  • Choose the strongest content for your finding
  • Decide how much detail to share in the report
  • Quantify findings
  • Enhance the readability of your report
  • Recognize dangerous tone and language
  • Establish expectations and guidelines for creating a compelling finding
  • Decide when to pursue the root cause
  • Focusing the report conclusion on a finite, answerable objective

Program level: Intermediate

Instructional method: Group live instruction

Prerequisites: More than one year of audit experience

Who should attend: Auditors who write or review audit reports

Recommended CPE credit: 12 hours

Forecasting for Profit in Tough Times

You’ve been tapped to create the forecast process for your division. Now what? Even if you understand the basics, what can you do to make the process faster? More efficient? Cleaner? More accurate? Just better? We’ll discuss best practices in budgeting and forecasting, along with some tips and tricks to make your product the best it can be. This course is a facilitated walk-through of the forecasting process using one division’s product or service.

Course objectives:

  • link the forecast to the strategic plan
  • distinguish between planning for the short-term and the long-term
  • forecast and maximizing revenues
  • forecast and minimizing expenditures
  • identify variables and assumptions that impact revenues and expenditures
  • identify drivers of performance results
  • diagnose the root causes of not meeting forecast and responding promptly

Who should attend? Managers seeking to tighten up their forecasts and budgets

Program level: Intermediate

Prerequisites: Two years of professional experience

Delivery method: Group live

Recommended CPE credit: 8 hours

Government Financial Statement Analysis

To say that the financial statements of governments are complex is an understatement. A CAFR has several layers and utilizes several accrual methods. Which information is worth focusing on to determine the government’s health? In this session, we will discuss the key differences between proprietary accounting and governmental accounting and then dig in and pull some key numbers to diagnose financial issues. This course assumes that the participant has a working understanding of balance sheets, income statements, and cash flow statements.

Leita Hart-Fanta, CPA, CGFM, CGAP demystifies governmental accounting and budgeting. She is the author of Accounting Demystified, The Four Principles of Happy Cash Flow, The Yellow Book (Government Auditing Standards) Interpreted, and Introduction to Government Accounting.

Objectives:

  • Describe governmental fund types and financial statement layers
  • Use key financial statements to tell a story about the financial health of an organization
  • Apply four principles to increase the cash flow of the government
  • Determine a decision’s impact on fund balance and cash
  • Extract the information you need from the organization’s financial reports
  • Use the CAFR to determine if the community is prosperous and how stable the revenue sources are
  • Distinguish between discretionary and non-discretionary spending and identify reserves
  • Evaluate the risk of bond and pension liabilities as well as infrastructure maintenance
  • Interpret key financial metrics and discuss how to impact them

Who should attend: Non-financial professionals AND financial professionals who want to improve communications with their customers.

Program level: Intermediate

Prerequisites: Understanding of the three key financial statements – balance sheet, income statement, and cash flow statement.

Delivery method: Group live

Recommended CPE credit: 8 hours

Internal Controls Workshop

WHAT PEOPLE SAY ABOUT THIS SEMINAR

“Leita was extremely knowledgeable of the subject matter. She also had was of simplifying the concepts to their base elements. This method made it very easy to grasp the concepts that were presented. For and introductory course, I find that clarity and simplicity key.”
- March 2013

“Leita made a dry subject interesting and imparted a great deal of information.”
- March 2013

“Leita was a wonderful instructor. Her material was relevant. She made the class interesting and interactive. It was a great learning experience and I know that I will be able to take what I have learned and apply it to my job.”
- March 2013

“Very knowledgeable on the material and willing to stop and explain in detail some items to those who were not Auditors.”
- March 2013

“She is incredibly knowledgeable while being entertaining at the same time. She pretty much kept the class riveted.”
- March 2013

How do you make sure bad things don’t happen? Controls! In this short workshop, learn how to define risks and apply controls to mitigate the risks – without creating a burdensome bureaucracy.

Objectives:

  • How to define business risks
  • How to mitigate risks with controls
  • How to choose and strengthen key controls
  • What the COSO model is and why it is important
  • How to identify and lean critical processes

Who should attend: Professionals

Program level: Intermediate

Prerequisites: No prerequisites or advance preparation required

Delivery method: Group live

Recommended CPE credit: 8 hours

Using Excel to Summarize, Display, and Test the Integrity of Quantitative Data

Contemporary auditing, monitoring, investigation, and evaluation invariably entail the acquisition, use, summarization, and display of data sets. The size of these data sets has progressively increased to the point that data “miners” can no longer “eyeball” or manually “clean” the thousands (if not millions) of entries in the typical body of data. Data stakeholders must employ automation to assess the integrity of, summarize, and display quantitative information.

Instructor: Bruce Truitt

Objectives:

Upon completion of this course, participants will be able to

  • Find and eliminate random errors
  • Find and determine how best to deal with blanks, including data replacement and data sensitivity strategies
  • Find and eliminate embedded yet invisible character codes
  • Find and deal with entries that appear to be but do not behave like numbers
  • Determine if transferred data are identical
  • Eliminate unnecessary spaces in data sets
  • Parse data strings into multiple columns
  • Combine multiple columns into one data string
  • Format numbers and dates
  • Define and use custom, user-specific data formats
  • Find and deal with duplicate entries
  • Use data filters
  • Use subtotals
  • Develop pivot tables
  • Use basic Excel formulas to query a data set
  • Find and deal with unusual items in the data set
  • Summarize a data set in numbers
  • Summarize a data set in graphs
  • Extract a small probe sample from a data set

Who should attend: Auditors, Investigators, Evaluators, Reviewers, and Analysts

Program level: Beginning

Prerequisites: A working knowledge of Excel or similar spreadsheet software

Delivery method: Group live

Recommended CPE credit: 8 hours

Click here for more information about Bruce Truitt.

Use Excel to Evaluate Anything!

This course will teach anyone how to use Excel to evaluate anything that can be scored and make any evaluation completely paperless. It directly applies to:

  • Contract Monitoring
  • Field Inspections
  • Risk Assessment
  • Program Evaluation
  • Performance Measurement
  • Human Resource Appraisals
  • Compliance Auditing
  • RFP Response Evaluation
  • Procurement Management
  • Vendor Assessment

Or anything else involving scoring against norms, standards, or criteria.

No special prior skill in Excel is required. Everything is spelled out in detailed, step-by-step instructions. All the user needs are criteria and a scoring system (with or without weights), and a desire to get away from the mountains of paper evaluations always create.

Please note, though, that while this course tells you how to design and execute paperless and statistically valid evaluations, it does not focus on any specific process. Our aim is to give you tools that apply to any evaluation, not just, for example, RFP’s, though we do provide a lot of information on the RFP process as an added bonus.

Instructor: Bruce Truitt

Objectives:

This course will teach you how to

  • Write clear, consistent, and concise evaluation criteria
  • Design valid, robust scoring systems
  • Develop and use weights
  • Control evaluation design and administration risk
  • Avoid the pitfalls of using ranks
  • Understand the importance of variation in scores
  • Configure Excel for evaluation by one person, one team, or multiple teams
  • Load evaluation criteria from any source into Excel
  • Move criteria, scores, weights, and comments from one Excel file to another
  • Automatically update criteria, scores, weights, and comments
  • Quickly sort and examine evaluation results by criteria, score, evaluator, or evaluee
  • Use and interpret objective, industry-standard statistical tests to identify poor, fair, good, and excellent performance
  • Permanently and electronically link evaluation scores and their related comments
  • Lock down evaluation results so they can never be changed
  • Explore collusion among evaluators
  • Assess evaluator consistency and reliability
  • Use evaluation results to debrief winners and losers and develop performance plans
  • Eliminate paper
  • Cut evaluation data processing time by up to 75%

Who should attend: Auditors, Investigators, Evaluators, Reviewers, and Analysts

Program level: Beginning

Prerequisites: A working knowledge of Excel or similar spreadsheet software

Delivery method: Group live

Recommended CPE credit: 8 hours

Click here for more information about Bruce Truitt.

Use Excel to Manage the Performance of Anything!

This course will teach anyone how to use Excel to assess and manage the performance of anything that can be measured and do it without generating any paper. It directly applies to:

  • Budget And Financial Management
  • Vendor And Contractor Management
  • Organizational Performance Measurement
  • Human Resource Performance Appraisals
  • Program Evaluation
  • Trend Analysis
  • Performance Over Time

No special prior skill in Excel is required. Everything is spelled out in detailed, step-by-step instructions. All the user needs is a defined performance measure and its related periodic data values. Once these data on a given performance metric are entered, Excel will automatically generate the following performance management information:

  • Descriptive Statistics Of Performance
  • Correlation Coefficients
  • Graphs Of Performance And Trends
  • Time Series Regressions
  • Indications Of Normal, Statistically Significantly High, And Statistically Significantly Low Performance
  • Analysis Of Differences Between Sequential Time Periods
  • Predictions Of Performance In The Next Period

Instructor: Bruce Truitt

Objectives:

This course will teach you how to

  • Identify periods of significantly high performance
  • Identify periods of normal but above average performance
  • Identify periods of normal but below average performance
  • Identify periods of significantly low performance
  • Generate Descriptive Statistics for all time periods using three different models:
    • Linear (Straight Line) Model
    • Seasonal Model which adjusts for performance varying by time period
    • Indexed Model which references performance to the first reporting period
  • Graph and run regressions using the above three models to
    • Identify which model best fits the data
    • Calculate how much performance variation each model explains
    • Determine to what extent time affects performance
    • Tell if performance is trending upward, flat, or trending downwards
  • Graph all performance across all time periods
  • Test to see if apparent performance differences in adjacent time periods are real
  • Predict performance in the next time period
  • Determine the utility of performance predictions

Who should attend: Executives, Managers, Supervisors, Monitors, Evaluators, Auditors, Investigators, Reviewers, and Analysts

Program level: Beginning

Prerequisites: A working knowledge of Excel or similar spreadsheet software

Delivery method: Group live

Recommended CPE credit: 8 hours

Click here for more information about Bruce Truitt.

Module One: Descriptive Statistics

Module One: Descriptive Statistics

The ability to fully understand a data set is a critical skill for auditors, investigators, evaluators, reviewers, and analysts and is the first step in the analysis of quantitative information. Essential to gaining this understanding is the complete, correct, and concise metric and graphic description of the data themselves. Failure to understand one’s data inevitably leaves important questions unasked, trends unidentified, and inaccuracies undiscovered.

Instructor: Bruce Truitt

Objectives:

Upon completion of this course, participants will be able to

  • Define the terms, concepts, quantities, and objectives of using descriptive statistics and graphs to characterize any data set.
  • Use Microsoft Excel to generate descriptive statistics and graphs.
  • Identify the differences between and uses of nominal, ordinal, and interval data.
  • Calculate, interpret, and explain the mean, median, mode, variance, standard deviation, standard error, minimum, maximum, range, skew, and kurtosis of a data set.
  • Use descriptive statistics to determine the normality of a data set.
  • Assess the impact of non-normality on data utility.
  • Identify and use basic strategies for improving the utility of non-normal data.
  • Design and construct frequency distributions.
  • Use frequency distributions to summarize data sets and construct graphs.
  • Determine which graphic displays best suit different types of data.
  • Change graphic displays of data sets from one type to another.
  • Insert graphs into word-processed documents.
  • Identify and correct for inappropriate manipulation of quantitative data and graphic displays.
  • Establish the advantages and limitations of descriptive statistics and graphic techniques, and ensure that descriptive data analysis stays within such limitations.

Features

This course:

  • Focuses on the methods and tools auditors, investigators, and evaluators actually use to describe and display data.  There is little theoretical baggage.
  • Provides step-by-step instructions for using Excel to describe and display any data set.
  • Is loaded with real-world audit applications.
  • Combines automation, statistical theory, evaluation methodology, and applied statistics into a single, easy-to-use package.

Who should attend: Auditors, investigators, evaluators, reviewers, and analysts

Program level: Beginning

Prerequisites: No prerequisites or advance preparation required

Delivery method: Group live

Recommended CPE credit: 8 hours

Click here for more information about Bruce Truitt.

Module Two: Sampling

Project time, energy, and resources are always constrained. Yet, demand for valid, reliable, and useful information on control systems and the data they generate is always rising. As a result, the appropriate choice and use of sampling methods tools is a core competency for all auditors, investigators, evaluators, reviewers, and analysts as they apply criteria to, determine the condition of, and make assertions about management processes and environments, especially when a balance must be struck between conflicting calls for economy, efficiency, and effectiveness.

Instructor: Bruce Truitt

Objectives:

Upon completion of this course, participants will be able to

  • Define the terms, concepts, parameters, and objectives of sound audit sampling.
  • Develop a sampling plan based on these terms, concepts, parameters, and objectives.
  • Calculate sample size, tolerable error, upper error limit, desired precision, risk of over-reliance, confidence level, margin of error, expected percent error rate, estimated population error rate, standard deviation, and confidence intervals.
  • Compare and determine when to use random sampling, purposeful sampling, compliance sampling, attribute sampling, and variable sampling.
  • Use information from prior work when determining sample size.
  • Quantify the effect of knowing the size of the population from which samples are drawn.
  • Quantify the costs and benefits of adding one more observation to a sample.
  • Access and use automated tools which:
    • Establish and document key population parameters and sample statistics, including sample size, tolerable error rate, upper error limit, desired precision, risk of over-reliance, confidence level, margin of error, expected percent error rate, estimated population error rate, and confidence intervals.
    • Calculate sample size.
    • Select and test the representativeness of random samples.
    • Determine sample error rates and sample means.
    • Estimate population error rates and population means.
    • Construct confidence intervals for population error rates and population means.

Features

This course:

  • Focuses on the practical aspects of sampling with very little theoretical baggage.
  • Covers all three types of sampling auditors use–compliance, attribute, and variable.
  • Provides automated, easily accessed and used fieldwork tools which calculate the most critical sampling parameters–sampling precision, values for z and t, confidence intervals, and extrapolations–at the most common confidence levels of 90%, 95%, 98%, and 99%.
  • Is loaded with real-world audit applications.
  • Fuses automation, sampling methodology, and statistics into a single, easy-to-use package.

Who should attend: Auditors, investigators, evaluators, reviewers, and analysts

Program level: Beginning

Prerequisites: No prerequisites or advance preparation required

Delivery method: Group live

Recommended CPE credit: 12 to 16 hours, depending on customer needs

Click here for more information about Bruce Truitt.

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