Section 3: 30–40%A11
Sampling and Analytical Procedures
Exam Insight
Audit sampling allows the auditor to draw conclusions about an entire population by testing a subset. The CPA exam tests whether candidates understand sampling risk, the difference between statistical and nonstatistical sampling, and how to design samples for tests of controls vs. substantive tests.
What AICPA Wants You to Know
- 1Distinguish between statistical and nonstatistical sampling
- 2Define and apply sampling risk and nonsampling risk
- 3Understand attribute sampling for tests of controls
- 4Apply variables sampling for substantive tests of details
- 5Perform substantive analytical procedures as audit evidence