Attribute and monetary-unit sampling

Get an overview of attribute and monetary-unit sampling techniques used for internal and external audits.

Event Details

Location and date:
Online On-Demand Event

Attribute and Monetary-Unit Sampling helps you develop your intuition around and general understanding of audit sampling concepts and provides a useful overview of statistical and non-statistical audit sampling techniques.

View Table of Contents

Additional options and pricing may be available. See pricing and registration for more details.


7 CPD hour(s)
Pricing & registration

You will learn about:

  • statistical and non-statistical sampling techniques commonly used by internal and external auditors
  • sampling to support conclusions relating to the effectiveness of an organization’s risk management and control processes
  • issues related to MUS techniques, including misstatement projection techniques

Topics include:

  • sample size determination
  • sample selection techniques
  • sample evaluation
  • key concepts of the audit risk model and materiality
  • potential biases that can arise when using non-statistical audit sampling techniques
  • attribute sampling used for tests of controls
  • monetary-unit sampling (MUS) used for tests of details

Who should attend?

  • internal and external auditors
  • anyone planning to introduce either type of sampling to their firms who has had further training beforehand

More Details:

Session Descriptions

Module 1A: Basic sampling concepts

Module 1B: The sampling process

Module 2: Attribute sampling

Module 3: Monetary-unit sampling

Quiz 1

Quiz 2

Appendix 1 — One-Sided Upper Precision Limits for Attribute Sampling: EPDR and TDR

Appendix 2 — One-Sided Upper Precision Limits for Attribute Sampling: CUDR

Appendix 3 — Attribute Specifications

Appendix 4 — Observed Attribute Deviations and Evaluation of Results (Acceptance Sampling)

Appendix 5 — Example: Documentation of Attribution Specifications and Acceptance Sampling

Appendix 6 — Audit Engagement Review Checklist — Attribute Sampling

Appendix 7 — Sequential Attribute Sampling, Alpha Risk 5%

Appendix 8 — Audit Engagement Review Checklist — Monetary-Unit Sampling

Appendix 9 — Monetary-Unit Sampling

Appendix 10 — Example: Documentation of Monetary-Unit Sampling Glossary


Please contact:

Member Development and Support
Tel: 1-800-268-3793