Audit-Materiality and Risk Assessment

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, you will be able to:

• Know why materiality is important for an audit of financial statements.
• Know the audit risk model and its components.
• Know the impact of engagement risk on acceptable audit risk.
• Know the relationship of risks to audit evidence.