Enhancing Audit and Fraud Sampling Productivity
Field: Fraud | Delivery Method: Self Study | CPE Hours: 2.0
Auditors have an inherent need to select samples of a population. This session will explain selection techniques of sample items which may be based on 100% testing of data tests or a statistical sample. All popular audit sample approaches will be discussed along with a discussion of when each may best be used, including: Record Samples (Random, Fixed Interval), Monetary Unit Samples, and Stratified Samples. Finally an exploration into transaction and subset scoring will be utilized to get to the best selections possible.
Specific learning objectives include:
- Distinguish between the various types of sampling and see record, stratified and fixed-unit sampling in action
- Be able to score records based on various audit reports to improve your effectiveness and reduce false positives in your samples
- Discover statistics to extract the most exceptional sample units within your normal exception reports
- Learn best practices of selecting a fraud-specific sample based on the highest mathematical likelihood
- Visualize sample results in a variety of graphs and charts to select samples with pictures
This 2-hour training includes downloadable templates, so you can follow along with the practical examples.
This is a previously recorded AuditNet® webinar with Jim Kaplan and Rich Lanza.
Delivery Method: Self-Study
AuditNet® is the Global Resource for Auditors, and serves the global audit community as the primary communications resource with an online digital network where auditors share resources, tools, and experiences including audit work programs and other audit documentation.
As the first online portal for the global audit community, AuditNet® has been at the forefront of audit websites dedicated to promoting the use of technology. http://www.auditnet.org/
Jim Kaplan, the founder of AuditNet®, became a Certified Internal Auditor in 1984. He has continuously promoted and encouraged the use of technology and the Internet for audit productivity.
As an active member of the IIA, he has held many positions at the local and International level. He is a founding member of the Northern Virginia Chapter and served as Chapter President in 1989. He retired from his government audit director position in 2005. He is the founder and President of AuditNet®, the global resource for auditors, and has been identified as an Internet for Auditors pioneer. Jim's contributions to the profession were recognized by the IIA (2007 Bradford Cadmus award) and the Association of Local Government Auditors (Lifetime Achievement Award). In addition to the IIA, he is a member of the Association of Local Government Auditors and the Association of Certified Fraud Examiners.