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Title: Sampling For Auditors, Investigators, and Evaluators
Date: September 10, 2010
Time: 8:30am - 4:30pm
Instructor: Bruce E. Truitt
Location: One Highland Center, 314 E. Highland Mall Blvd., Suite 403, Austin, TX 78752
Price: $225
Early Bird Discount: $199 if you register by August 10, 2010.
Who Should Attend: External and Internal Auditors, Financial and Operational Auditors, and Audit Management, Investigators, and Evaluators
Laptop Requirement for Course: Each attendee must bring a laptop to class with a licensed version of Microsoft Excel and Word. The Data Analysis Add-Ins "Analysis ToolPak" and "Analysis ToolPak-VBA" must be installed on the computer before you get to class. Ideally your laptop will have a CD drive.
Course Description:
This one-day informative course provides the skills and tools required for sound sampling and covers both basic concepts and applying the techniques in the field. The sampling process and all relevant calculations have been fully automated in a toolkit, which is designed as turnkey and ready for field use. The course involves very little theory or mathematics, so time can be spent applying the techniques to real-world examples.
The instructor covers all three types of sampling used — compliance, attribute, and variable. Attendees will learn more about the SAO Statistical Toolbox which ensures that the most critical parameters are calculated for the auditor, including sampling precision, values for z and t, confidence intervals, and extrapolations to the population of interest. Calculations are performed simultaneously at the four most common confidence levels — 90%, 95%, 98%, and 99%.
Upon completion of this course, participants will be able to:
Define the terms, concepts, parameters, and objectives of sound audit sampling.
Develop a sampling plan based on these terms, concepts, parameters, and objectives.
Calculate sample size, tolerable error, upper error limit, desired precision, risk of over-reliance, confidence level, margin of error, expected percent error rate, estimated population error rate, standard deviation, and confidence intervals.
Differentiate between and determine when it is appropriate to use compliance sampling, attribute sampling, and variable sampling.
Differentiate between and determine when it is appropriate to use random sampling and purposeful sampling.
Use information from prior audit work to determine sample size.
Quantify the effect of knowing the size of the population from which samples are drawn.
Quantify the costs and benefits of adding one more observation to a sample.
Attendees will access and use in the field automated tools which:
Establish and document key sampling parameters, including sample size, tolerable error rate, upper error limit, desired precision, risk of over-reliance, confidence level, margin of error, expected percent error rate, estimated population error rate, and confidence intervals.
Calculate sample size.
Select observations for random samples.
Determine sample error rates and sample means.
Estimate population error rates and population means.
Set confidence
Instructor Bio: Bruce E. Truitt
Bruce Truitt has 25+ years experience in applied statistics and government auditing, with particular focus on quantitative methods and reporting in health and human services fraud, waste, and abuse. His tools and methods are used by public and private sector entities in all 50 states and 33 foreign countries and have been recognized by the National State Auditors Association for Excellence in Accountability.
He also teaches the US Government Auditor’s Training Institute’s "Practical Statistical Sampling for Auditors" course, is on the National Medicaid Integrity Institute’ faculty, and taught Quantitative Methods in Saint Edward's University's Graduate School of Business.
Bruce holds a Master of Public Affairs from the LBJ School of Public Affairs, as well as Masters Degrees in Foreign Language Education and Russian and East European Studies from The University of Texas at Austin.
CPE: 8 hours
TX Board of Public Accountancy Sponsor Number: 009317
Cancellation Information: Cancellation Date: August 20, 2010
To cancel your registration from this course, please call or email the course contact listed below. If a cancellation is received after the cancellation
date, the registrant will be charged $125 for course materials.
If you are making travel plans to come to the training, please make "refundable" air and hotel reservations or wait until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants approximately 16 days prior to the course date. If we cancel or reschedule, we will email the participant no later than 14 days before the original class date. Solutions Training will not pay for cancellation/change fees associated with travel and hotel arrangement changes.
Class participants will
be billed after the class. Payment should be made to SOLUTIONS TRAINING GROUP,
Federal Tax ID: 20-2732184 and mailed to 2701 Maria Anna Rd, Austin, TX 78703.
If you have any questions, please contact Shannon Bieberdorf at (512) 914-5557
shannon@solutionstraininggroup.com. For
additional information about this class, please contact Laurie Garrant at laurie@solutionstraininggroup.com,
(512) 914-5567.
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