Sampling and Uniform Audit Guidance   New

Upon successful completion of this course, the user should be able to:

• differentiate statistical vs. non-statistical (but statistically grounded) sampling approaches used in Uniform Guidance compliance audits and explain sampling risk and confidence concepts;

• determine appropriate attribute sample sizes by evaluating population completeness, sampling units, confidence level, tolerable deviation, and expected deviations, and interpret deviation results using upper deviation rate concepts; and

• apply the updated OMB/AICPA single audit sampling approach by selecting the correct charts for tests of controls and compliance based on control reliability and inherent risk of compliance requirements, including dual-purpose testing implications.