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PCAOB Auditing Standard 2315: Internal Controls Testing

Being offered twice a quarter on Thursdays at 1:00 p.m. to 3:00 p.m. Central Time.

Do you understand PCAOB Auditing Standard 2315: Internal Control Testing Sampling requirements?

This is the CPE event that builds on the knowledge provided by our PCAOB Auditing Standard 2315: Audit Sampling Overview event and the PCAOB Auditing Standard 2315: Substantive Testing event.

This event is a detail review of Audit Standard 2315 requirements pertaining to the testing of internal controls:

  • Audit Deficiencies Concerning Sampling in 2019's "Big 12" Inspection Reports,

  • Details concerning sampling within the testing of internal controls,

  • Review of the Audit Standard 2315 section on the testing of internal controls.


This event goes into the details and specific examples of how to properly adhere to the auditing standard when providing testing of internal controls within the audit of financial statements.

The following online training events have been developed by CCS to cover all the contents of PCAOB Auditing Standard 2315 and provide examples of the use of sampling and its documentation:


The above timely two hour CPE training events are designed for the CPA firm staff members who will be working on PCAOB regulated audits.


The retail cost of the online 2 CPE internal auditor training event is $120 per attendee.


Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: PCAOB AS 2315 Overview
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour

CPE Event Highlights

Based on the relevant professional literature and PCAOB Auditing Standards:

  • What is internal control testing?

  • Properly addressing "Audit Sampling" in the testing of internal controls.

  • What audit deficiencies have PCAOB Inspection Reports covered?

  • Risk of Incorrect Acceptance within testing of internal controls.


Learning Objectives

Attendees will:

  • Understand the basics of PCAOB's Audit Standard 2315.

  • Understand the PCAOB viewpoint on using sampling in internal control testing.

  • Understand the details pf PCAOB's Audit Standard 2315 concerning the testing of internal controls.


Key Items on the Agenda

Section 1 - Introduction

  • Sampling in Tests of Controls

  • Dual-Propose Samples

  • Factors to Consider with Testing Controls

  • The Trade-off for Financial Audits

  • Advantages and Disadvantages of Sampling

Section 2 - Issues within 2019 Inspection Reports

  • Observations by PCAOB Auditing Standard

  • The Top Eight Issues

  • Example from the "Big Twelve" Inspection Reports

Section 3 - Sampling for Tests of Controls and Dual-Purpose Samples

  • AS 2300 Audit Procedures in Response to Risks

  • AS 2315 - Table of Contents

  • Why is the financial auditor testing internal controls?

  • Test of Internal Controls is Different

  • Sampling in Tests of Controls

  • Details on Sampling in Tests of Controls

  • Details on Dual-Purpose Samples

Section 4 - Best Practices for Tests of Internal Controls

  • SOX Section 404 - Assessment of ICFR

  • SEC Defined "Entity Controls"

  • "Best Practice" Frameworks

  • Summary of COSO 2.0 "Components" and "Principles"

  • AS 2201 - Planning the Audit

  • Business Cycles, Processes and Narratives

  • How Do We Test Manual Controls?

  • What is the Sample Size for Testing Controls?

  • How "Effective" is the Control?

Section 5 - Going Forward and Summary

  • Sampling in Tests of Controls