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Global Financial Markets Intelligence

Global Financial Markets Intelligence

Statistical Sampling for Test of Controls, Compliance & Fraud

Application of a mathematical approach to Internal Audit Testing increases the effectiveness of the audit team, supports the audit conclusions, and engages management in improving controls.

28-29 Oct 2019
Maison FL, Paris, France

Why You Should Attend

Statistical Sampling for Test of Controls, Compliance & Fraud

To ensure we meet your expectations and maximise your return on training investment, we favour a classroom/workshop style set

How will you benefit?

Did you know that in many instances, audit samples are LARGER than the statistical sample they could have taken! If, with no extra effort, you can mathematically estimate the characteristics of the whole population, shouldn't you do this? Would it not be great if you could control the risk of reaching incorrect conclusions? Last but not least, enjoy the use of software especially developed by the trainer to make statistical sampling for Auditors child's play!

Challenges we will discuss:

· Can I use a statistical approach without a solid math background?

· Is there a way I can ensure I am not under/over auditing?

· How can I prevent management disagreement to my recommendations?

Most surveys confirm Auditors desire to use math in their work, but that lack of competences and tools prevent them from making the quality jump. Often auditors look at “symptoms” (e.g., unauthorized payments), missing the opportunity to identify the root cause and suggest long term solutions. Obtain clear results from your tests and focus on root causes to add value to your organization preventing future recurrences of errors and events. In this class you will learn to apply error projection and error isolation.

This course will provide several takeaways, including a decision tree to help select the best sampling method, a clear understanding of Alpha and Beta risk and multiple approaches to sample selection. An initial and a final test will allow participants to gain confidence in the acquired competences.

With the right teaching approach, even complex matters become simple to understand. Through a practical, pragmatic learning path you will be able to master all you need to proficiently apply a statistical tool especially developed for Internal Audit Teams.

There are no prerequisites for attendance however delegates will need to bring their laptops in order to fully benefit from the practical parts of the course

About your expert trainer:

Massimo Cregut has over 15 years experience in Internal Audit, the last 5 of which were spent as Head of Global Audit Methodology and Audit Knowledge in UniCredit, one of the largest and most international banks in Europe..

Responsible for the development and implementation of an Audit Academy, he has much in depth, successful experience as a class trainer. Formerly Global Head of Internal Audit in Pioneer Investments, the asset management arm of UniCredit, and other senior managerial positions, he has profound business experience. He now offers management consulting services and professional training to Internal Auditors, Risk Managers and Compliance staff. He runs both basic and advanced courses covering all key aspects related to Audit.

His in-depth, first-hand experience in audit and various business practices makes him a perfect teacher for a course designed to enhance the audit effectiveness and accountability. He cooperates closely with the Italian Association of Internal Auditors (AIIA)

Pre-course questionnaire:

A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analysed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.

Who should attend?

Auditors across all industry sectors irrespective of their seniority who want to improve the effectiveness of their work by applying a statistical Sampling approach.

Key Topics

  • Learn how the Audit Risk can be measured.
  • Understand which sampling techniques are more appropriate to apply.
  • Recognise how to apply a risk-based approach to sampling.
  • Evaluate the process to compute sample size and how to measure the
  • Appreciate the difference between the concept of

  • Why Choose GFMI marcus evans?

    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.

    Voice of Our Customers
    • “Thanks a lot to Massimo for his enthusiasm” Schneider Electric
    • “Massimo is a great trainer: a knowledgeable and communicative speaker. The course is very good, with good material” USP Zrodowe
    • “I enjoyed very much the practical case studies based on ‘real’ transactions” USP Zrodowe
    Join the Discussion

    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Kamelia Simeonova

    101 Finsbury Pavement, London, EC2A 1RS

    0044 203 002 3172
    Email: kamelias@marcusevansuk.com