The American Institute of CPAs has released "Audit Sampling," a newly updated audit guide containing the latest requirements and practices for auditors.
The institute has updated the guide for the first time since 2001 with new case studies and an in-depth look at non-statistical audit sampling. The appendices include sampling tables, testing considerations, and a comparison of the key provisions of the risk assessment standards.
Expanded guidance includes the application of sampling to tests of controls and details, determining the sample size and evaluating sample results. The guide reflects the Defining Professional Requirements Standard (SAS No. 102), and includes guidance on audit documentation (SAS 103), and communicating internal control-related matters (SAS 112).
The guide costs $69 for AICPA members and $86.25 for non-members. For more information, visit
