|
Services >> Forensic Accounting | Loss Prevention | Fraud Investigation | Training | Consultancy |
|||||
|
CFE-In-Practice
Integrity. Intelligence. Independence. |
|
|
|
|
|
|
|
|
|
|||
|
professional coaching - audit skills and techniques |
|||||
|
Effective SAMPLING TECHNIQUES for Internal Auditors |
Sign Up NOW!
Enjoy immediate savings: 2nd participant* pays 75%, subsequent participant* pays 50% only.
Register on-line: registration@cfe-in-practice.com *terms & conditions apply. Closing Date: 10 January 2009
Monetary Authority of Singapore, Deloitte Touche Tohmatsu, Auditor General Office, Attorney General Office, ... more
"My expectations of the seminar were exceeded." Monetary Authority of Singapore ... more
Check out on our other programs.
Effective Audit Report Writing Workshop
The Right Way to Flowchart in Auditing Banks
Tools & Techniques for the Beginning Auditor
Foreign Exchange & Treasury Management
|
||||
|
VENUE: THE TRADERS HOTEL - SINGAPORE
FEBRUARY 5, 2009 |
|||||
|
Course
Description: Scientific sampling isn't all that hard. There is really no great trick to understanding it. In fact, the biggest barrier to becoming familiar with it is probably the name it goes under: statistical sampling. That name conjures up visions of formidable formulas and abstruse mathematical concepts. It needn't but is does. So for our purposes let us call the subject sampling, just sampling. And this is something the auditor has been doing all his professional life.
Sampling, in essence, is the process of learning about a lot of looking at a little. In auditing it is used mostly to help form an opinion or recommend action on a macrocosm (the population) by examining a microcosm (a sampling of the population). Sampling, then, is just another tool that the auditor uses to shape his opinion. It is not an end in itself. It is only a means towards an end. The sample and the sample results are merely raw data. And that data must be weighed and sifted. It must be analysed for materiality, for reasons, for causes, and for effects. The sample is but the first step on the road to an informed audit opinion.
Sometimes that opinion cannot be formed without a little help from mathematics. But the mathematics need not be difficult. In fact, once the closed mind is opened to permit a clear view of some basic principles, the vista becomes rather inviting. Indeed, the feeling of satisfaction and accomplishment is worth the little trouble it takes to cross the threshold of distrust and find understanding.
The veteran auditor may well ask, "I've done all right so far, so why do I have to learn this scientific mumbo jumbo?" That question in today's environment is readily answered: The samples he used couldn't be defended. Most likely nobody knew enough to dispute his samples - samples which may not have been representative of the population sampled, whose results could not be objectively measured, or indeed, which might have been excessive, wasting both the - auditor's and the auditee's time and patience. There is little doubt that a shrewd challenge to many of the veteran's sample could left him and the audit department floundering and defenseless. Modern managers are becoming mathematically literate. Included in that competence today is a good grounding in probability theory - on which all scientific sampling is based.
So shouldn't the internal auditor be an expert on sampling?
Coaching Outline
Methodology This
coaching by a Certified Fraud Examiner consists of a lively series of
short participative lectures conveyed using plain uncomplicated
explanations. Learning will be facilitated through discussion and
case studies. Ample coaching materials will be given to participants
so that these will be a constant source of reference to them. Ample
time will be allotted for the transfer of ideas. For
whom Risk
Managers, Compliance Officers, Operations Managers, Treasury Managers, Training Managers
Relations Managers, HR Managers, Internal Control Officers and
all Bank Internal Auditors.
Principal
Coach Tommy Seah, CFE MIIA CMC ACIB etc. Click here for Tommy Seah's Profile and business. Register by email Register on-line today. Our email address is: registration@cfe-in-practice.com
Important Notice Payments
are required with registration and must be received prior to the Coaching
Session to guarantee your place. Walk-in delegates will only be admitted
on the basis of space availability at the Coaching Session and with
immediate full payment.
Cancellations & Transfers If
you are unable to attend, a substitute delegate is welcome at no extra
charge. Please provide the name and the title of the substitute delegate
at least 2 days prior to the Coaching Session. A refund less 10%
administrative charge will be made cancellation received in writing 10
working days before the program date. A complete set of
program documentation and a 50% refund will be given for cancellation made
3 working days before program date. Regrettably, no
refund can be made for cancellation made on and or after program. A
complete set of documentation will however sent to you. The
organizer reserves the right to make any amendments and/or changes to the
programme, venue, speaker replacements and/or topics if warranted by
circumstances beyond its control. |
|||||
|
Copyright © 2004 CFE-In-Practice All rights reserved. [Disclaimer]
|
|||||
