Efficient Audit Sampling

– Valid audit results through methodical and professional audit work –


The economic principles have already arrived in internal auditing. The internal audit function acts in an environment of increasing regulation not only for banks but also for many other businesses. New tasks add to the pressure. Cost cutting also doesn’t stop at the doors of the internal audit function so an efficient approach to audit performance is without alternative. This includes perceivable added value to the organisation. However, the main focus is on the efficient use of the remaining scarce resources. This situation demands for effectiveness and efficiency in all phases of audit work.

One of the main questions in auditing is the effectiveness of controls. Especially when resources are sparse and not all transaction may be tested, sampling is the method of choice to prove adequately if a control is working or not. To sample authoritatively auditors have to be knowledgable about the methods used. The Audit Research Center provides an overview of valid sampling methods that are in line with international standards of the IIA and the ISA.

Audit practitioners often think that sampling is complicated and time consuming. In this training the participants will see that the contrary is true if sampling is done right. Sampling safes time and increases the quality of audit results.

The training focuses on statistical methods. However, all kinds of sampling will be touched. Non-statistical sampling and when to do it instead of statistical sampling is also an important topic of good audit work. As is the comprehensive documentation of the audit procedure according to international standards and the expectations of the external auditors.

After this training the participants are able to perform efficient and effective statistical and non-statistical audit sampling. They know about the relevant methods and when to use them. The content of this training is in line with all relevant international standards, specifically Standard 2320 and the associated Implementation Guidance (PA 2320-2).


  • Requirements of international Standards
  • Sampling methods and application
  • Pro’s and con’s of different sampling methods
  • Typical errors when sampling
  • Statistical sampling, relevant factors
  • Non-statistical sampling and when to use it
  • Materiality and audit errors
  • Practical examples and statistical sampling with real data (using MS Excel)
  • Integration of sampling in the daily audit work
  • Advanced sampling methods: Nearest neighbour clustering
  • Documentation

Management Trainer

Distinguished example of our ARC senior management trainers

About the ARC Institute

With the Audit Research Center, the ARC Institute provides important impulses for the further development of the audit industry. The focus is on networking science and practice. The focus is on further and new development in cooperation with auditors, companies and associations in order to maintain practical relevance and to develop methods, tools and concepts that can be implemented. The results developed in dialogue with industry experts serve as a guideline and adaptation options in practice today, in order to increase the overall benefit of the company in the long term and sustainably with innovative auditing work.

In the spirit of thought leadership, the ARC Institute and the Audit Research Center stand for topic leadership and forward thinking in the area of internal auditing.

Currently, the ARC Institute supports not only leading supranational institutions in the context of research, consulting and personnel development projects, but also numerous listed companies in the three German-speaking countries of Germany, Austria and Switzerland.


Terms of participation and price

Each open training day is 890,- Euro plus VAT when booking the modules individually. Inhouse training conditions are based on individual pricing and travel expenses. After receipt of your registration you will receive a confirmation of registration with invoice. Please pay the registration fee directly after receiving the invoice. The registration fee does not include 19 % VAT.  The price includes participation in the lectures of the booked event, lunch, coffee breaks and seminar documents.

How can we support you?

At a glance

Target audience:
Audit Managers, Internal Auditors

Interactive presentation, Discussions, Teamwork practice, Practical exercises, Case studies, Reflection

Training / Training / Consulting period:
2 days

Would you like more details about ARC’s Audit Training & Consulting Services, or do you wish to book an appointment with its team? Please address your e-mail inquiry to Info@ARC-Institute.com or phone us at +49-2159-6945-904