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PCAOB Auditing Standard 2315: Substantive Testing

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

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

This event is a detail review of Audit Standard 2315 requirements pertaining to Substantive Testing:

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

  • Details concerning sampling within substantive testing procedures,

  • Review of the Audit Standard 2315 section on substantive testing.


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

The following online training events have been developed by CCS to cover all of 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 substantive testing?

  • Properly addressing "Audit Sampling" in substantive testing.

  • What audit deficiencies have PCAOB Inspection Reports covered?

  • What is a Substantive Procedure of Testing?

  • Risk of Incorrect Acceptance within Substantive Testing.


Learning Objectives

Attendees will:

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

  • Understand the PCAOB viewpoint on using sampling in substantive testing.

  • Understand the details pf PCAOB's Audit Standard 2315 concerning Substantive Testing.


Key Items on the Agenda

Section 1 - Introduction

  • Summary of PCAOB AS 2315

  • The Trade-off for Financial Audits

  • Advantage and Disadvantages of Sampling

Section 2 - Issues within 2019 Inspection Reports

  • Observations by PCAOB Auditing Standard

  • The Top Eight Issues

  • Examples from the "Big Twelve" Inspection Reports

Section 3 - Sampling for Substantive Test of Details

  • AS 2300 Audit Procedures in Response to Risks

  • AS 2315 - Table of Contents

  • Sampling in Substantive Tests of Details

Section 4 - Appendix to Audit Sampling 2315

  • Factors Influencing Sample Sizes

  • Auditor's Subjective Assessment of Control Risk.

Section 5 - Going Forward and Summary

  • Sampling in Substantive Tests of Details