Audit Materiality and Risk Assessment
SKU: 09-040-01-CPE
Credit Hours: 2
Level: Intermediate
CPE Category: Auditing
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online Group/Internet based
Instructor: Andrew Clark, EA.
Course Description:
Using the audit risk model and tolerable misstatement for each account, this course determines the audit evidence needed to achieve an acceptable level of audit risk for the engagement.
At the end of this webinar series, 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.