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Statistical Sampling for Tests of Controls Section A: The Audit Risk Model


This activity is presented by Audit Smarter.

This e-learning module explains how you can audit more efficiently by taking the familiar concept of the audit risk model and overlay the costs of audit evidence.

Course Module available for 30 days after purchase.

About

Content Description

The audit risk model quantifies the audit process, encouraging audit efficiency and effectiveness.

In this module you will explore the importance of comprehensive planning using the audit risk model and its impact on the amount of auditing you need to undertake. You will also explore the different costs of evidence and their impact on your audit efficiency, as well as the results of overlaying the costs of audit evidence onto the audit risk model.

Learning Outcomes

At the end of this activity you will be able to: 
• Explain the audit risk model. 
• Differentiate the various costs of audit evidence. 
• Recognise how changes in the audit risk model impact upon sample size. 
• Understand how world class audit teams gain vast audit efficiencies while also improving effectiveness.

Benefits

This course equips you with the frameworks and skills to audit efficiently and effectively.

This activity is presented by Audit Smarter.

Course Module available for 30 days after purchase.

EVENT DETAILS


Topic: Audit & Assurance

Sub-Topic: Internal Audit

Format: Self-paced

Proficiency Level: Foundation, Intermediate

CPD: 1 hours