Audit Materiality and Risk Assessment
SKU: 06-227-01-CPE
Credit Hours: 2
Level: Intermediate
CPE Category: Auditing
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Video
Instructor: Chris Clark
Course Description:
This course will cover both materiality and risk evaluation which requires judgement from the auditor because both concepts directly impact the auditor's planned audit evidence.
At the end of this course, students will be able to:
- Identify why materiality is important for an audit of financial statements.
- Make a preliminary judgment about what amounts to consider material.
- Identify the audit risk model and its components.
- Recognize the impact of engagement risk on acceptable audit risk.
- Recognize the relationship of risks to audit evidence.