Sampling - Avoiding Common Mistakes on Financial Statement and Compliance Audits
Total Credits: 2 including 2 Auditing- Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Accounting and Auditing | Yellow Book
- Faculty:
- Jennifer Louis, CPA
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
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.
Basic Course Information
Learning Objectives- Recall generally accepted audit requirements related to sampling applications
- Differentiate attribute testing for tests of controls or compliance from sampling for substantive assurance in tests of details
- Explain special considerations related to testing in compliance audits performed in accordance with Uniform Guidance
- Identify common sampling-related audit deficiencies
Major Subjects
- Types of sampling and sampling risk
- Differentiating statistical and nonstatistical sampling approaches
- Attribute testing for tests of controls and compliance
- Variables sampling for substantive audit assurance when performing tests of details
- Determining sample sizes in a compliance audit in conformance with Uniform Guidance
Course Materials
IMPORTANT_CPE Credit Instructions_Read Before Webcast_2025 Update (434.2 KB) | Available after Purchase |
Sampling - Avoiding Common Mistakes on Financial Statement and Compliance Audits Handout (824.2 KB) | Available after Purchase |
Glossary (13.1 KB) | Available after Purchase |
Faculty

Jennifer Louis, CPA Related Seminars and Products
President
EMERGENT SOLUTIONS GROUP
Jennifer has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly respected training and audit process consulting firm later acquired by Thomson Reuters. Over her six years at AuditWatch, Jennifer served many roles. She began her career at AuditWatch as Vice President of Product Development. Jennifer also served as an instructor and consultant for the firm’s Audit Productivity Improvement Program (a comprehensive program enabling accounting firms to enhance audit quality and improve audit efficiency), as well as various other training courses. Later, Jennifer was primarily responsible for working with clients to design high-caliber, customized training programs. She led the Training Services Division, which includes AuditWatch University (“core-level” staff training for new hires to managers) and related offerings. She also co-authored the Guide to Value-Added Auditing (Thomson/Practitioners Publishing Company, Fort Worth, TX, July 2001).
Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. While at AARP she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and trainings.
Jennifer was also an Audit Manager at Deloitte, in Washington, DC. During her five years with Deloitte, she was a frequent local and national instructor. Jennifer also served as an instructor for the firm’s national “Train the Trainers” program.
Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. She is currently a member of the American Institute of Certified Public Accountants (AICPA) and is licensed to practice accounting in the Commonwealth of Virginia and North Carolina.Contact Jennifer via email at jlouis@emergentgroup.net, or via LinkedIn
Dates
Wed, May 07, 2025 - 04:00pm to 05:48pm EDT
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Tue, May 20, 2025 - 10:00am to 11:48am EDT
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Wed, Jun 04, 2025 - 12:00pm to 01:48pm EDT
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Sat, Jun 14, 2025 - 02:00pm to 03:48pm EDT
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Tue, Jun 24, 2025 - 04:00pm to 05:48pm EDT
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Thu, Jul 10, 2025 - 10:00am to 11:48am EDT
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Tue, Jul 29, 2025 - 07:00pm to 08:48pm EDT
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Wed, Aug 06, 2025 - 02:00pm to 03:48pm EDT
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Thu, Aug 28, 2025 - 04:00pm to 05:48pm EDT
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Tue, Sep 09, 2025 - 10:00am to 11:48am EDT
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Wed, Sep 24, 2025 - 12:00pm to 01:48pm EDT
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Thu, Oct 02, 2025 - 02:00pm to 03:48pm EDT
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Mon, Oct 20, 2025 - 04:00pm to 05:48pm EDT
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Sat, Nov 01, 2025 - 10:00am to 11:48am EDT
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Wed, Nov 26, 2025 - 12:00pm to 01:48pm EST
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Thu, Dec 04, 2025 - 07:00pm to 08:48pm EST
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Mon, Dec 15, 2025 - 04:00pm to 05:48pm EST
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Tue, Dec 23, 2025 - 10:00am to 11:48am EST
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Thu, Jan 08, 2026 - 12:00pm to 01:48pm EST
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Fri, Jan 23, 2026 - 02:00pm to 03:48pm EST
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Sat, Feb 14, 2026 - 04:00pm to 05:48pm EST
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Tue, Feb 24, 2026 - 10:00am to 11:48am EST
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Thu, Mar 12, 2026 - 07:00pm to 08:48pm EDT
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Fri, Mar 27, 2026 - 02:00pm to 03:48pm EDT
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Wed, Apr 08, 2026 - 04:00pm to 05:48pm EDT
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Tue, Apr 28, 2026 - 10:00am to 11:48am EDT
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Thu, May 07, 2026 - 12:00pm to 01:48pm EDT
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Sat, May 23, 2026 - 02:00pm to 03:48pm EDT
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Wed, Jun 03, 2026 - 04:00pm to 05:48pm EDT
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Tue, Jun 16, 2026 - 10:00am to 11:48am EDT
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Mon, Jun 29, 2026 - 12:00pm to 01:48pm EDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For Anyone who performs audits
Original Recording Date 04/2025
Course Developer EMERGENT SOLUTIONS GROUP
Date Added to Catalog 03/2025
Yellow Book Yes
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.