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Monday, August 24, 2026 Live Webcast

Sampling - Avoiding Common Mistakes on Financial Statement and Compliance Audits (X4-7800222)

3:00 PM - 4:48 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

Sampling is an important method for determining the extent of testing controls, testing compliance, and tests of substantive details. It allows the auditor to apply procedures to less than 100% of the population yet extend results to project likely conclusions about the entire population. This module will describe the proper process for both attribute testing and variable sampling in financial statement and compliance audits.

DESIGNED FOR

Anyone responsible for analyzing or interpreting nonprofit financial statements

BENEFITS

  • Explain how properly designed and performed analytical procedures contribute to reducing audit risk
  • Describe the required elements of an analytical test that must be documented to satisfy professional standards
  • Describe the most common financial statement analytics used to interpret the financial results of a nonprofit
  • Common ratios and trends to assess liquidity, operating efficiency, leverage, and more  

HIGHLIGHTS

  • How to leverage preliminary and substantive analytic procedures to improve the effectiveness and efficiency of financial statement audits
  • The required elements of a substantive analytic procedures to address detection risk
  • Tips and traps of applying an analytic approach to satisfy audit objectives
  • Explaining the usefulness of analyzing diverse trends and ratios in a nonprofit environment to meet the needs of various financial statement users
  • Common ratios and trends to assess liquidity, operating efficiency, leverage, and more

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

Familiarity with the nonprofit industry

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

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PRICING

$89.00 - Member

$119.00 - Nonmember

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Note: Online pre-registration will close on August 24 at 2:30 PM.

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