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Title: Statistical Testing of Evidence for Auditors, Investigators, and Evaluators
Date: January 28, 2011
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 December 28, 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 course focuses on the statistical tests auditors and managers use in their work allowing for real-world examples. The instructor will provide a single integrated automated tool for conducting statistical tests. The tool runs and indicates the specific results of one and two-tailed statistical tests at the four most common confidence levels (90%, 95%, 98%, and 99%) and user-specified confidence levels.
By taking this class, attendees will:
Gain a single integrated automated tool that generates easily understood output that you can use in the field to perform the statistical tests most commonly used in auditing and managerial decision-making. This tool also performs Quality Control checks on test mathematics and creates binder-ready working papers.
Decide which statistical test to run in order to get the optimum results in a given audit or management scenario.
Learn how to use standard statistical tests to determine if your found data warrants additional audit work or managerial action.
Determine which course of action involves the least risk by specifying the probability of incorrectly interpreting a statistical test.
Bolster your next audit assertion and management decision by accurately interpreting statistical tests.
Upon completion of this course, participants will be able to:
Define the terms, concepts, parameters, objectives, uses, benefits, and limitations of standard statistical tests.
Determine which type of statistical test yields optimum results in a given audit or management scenario.
Differentiate between statistical tests of attributes (qualities) and statistical tests of variables (quantities) and decide when tests of one, two, or more populations are most appropriate.
Use standard statistical tests to determine if attributes and variables that appear different are, in fact, different enough to warrant additional audit work or managerial action.
Establish the extent to which a management process is in compliance with criteria and benchmarks or is materially out of control.
Calculate margins of error, confidence levels, estimated population error rates, estimated population standard deviations, confidence intervals, and differences between populations parameters.
Clarify how a change in sample size or in the confidence level of a given statistical test affects the outcome and interpretation of the test.
Access and use in the field interactive automated tools to perform the statistical tests most commonly used in auditing and managerial decision-making.
Measure the strength and direction of the relationships between two or more variables.
Specify the probability of incorrectly interpreting a statistical test (incorrect acceptance and incorrect rejection) and, thereby, help the auditor or manager decide which course of action involves the least risk.
Interpret statistical tests so as to bolster audit assertions and management decisions.
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: January 7, 2011
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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