Sampling

PA GLOBAL – INTRODUCTION TO PANALATYCS – AUDIT SAMPLING

“Introduction to PAnalytics & Audit Sampling” is a foundational session designed to equip audit and assurance professionals with both the technical use of PAnalytics and the underlying audit sampling concepts required for effective audit execution.

PAnalytics provides a web-based, automated environment for data processing, sampling, and audit documentation, while embedding audit-compliant methodologies such as Monetary Unit Sampling (MUS) and Random Sampling.

This session bridges the gap between audit theory and practical execution, enabling auditors to apply sampling techniques efficiently and consistently.

Key Learning Objectives

By the end of this session, participants will be able to:

• Understand the role of audit sampling within the audit process (ISA 530)
• Differentiate between sampling methodologies (MUS vs Random Sampling)
• Apply sampling techniques using PAnalytics
• Perform data ingestion and population preparation
• Configure audit risk parameters impacting sample selection
• Interpret sampling outputs and evaluate results
• Generate audit-ready documentation
• Ensure sampling is reproducible, defensible, and compliant

Who Should Attend

This training is designed for:

• Audit and Assurance Professionals
• Audit Seniors and Managers
• Risk and Compliance Teams
• Professionals involved in audit testing and sampling

Course Highlights

Participants will explore the following topics:

• Audit Sampling Fundamentals
• Sampling Methodologies
• PAnalytics Platform Overview
• Data Ingestion & Population Selection
• Sampling Execution in PAnalytics
• Results, Evaluation & Documentation
• Best Practices & Audit Efficiency

Prerequisites

• Basic understanding of auditing concepts
• Familiarity with financial data (GL, accounts, balances)
• No prior experience with PAnalytics required