As it is impossible to test every single transaction in an audit, auditors leverage sampling to efficiently respond to the assessed risks of material misstatements. When designed and executed appropriately, an audit sample can be an effective way of testing less than 100% of an account balance, or a class of transactions, while allowing the auditor to derive conclusions and evaluate the overall account balance or class of transactions. In this CPE-eligible (1.0 CPE), eLearning course, you will learn when it is appropriate to use an audit sample, the relevant considerations when determining the sample size, and how to evaluate the results of an audit sample. If you are an auditor who audits financial statements in accordance with PCAOB, AICPA, or IAASB auditing standards, this course is an essential component of learning how to effectively design an audit sample whether for tests of controls or substantive tests of details. This course covers the following U.S. GAAS and PCAOB standards: AU-C Section 530 and AS 2315