Standards on Auditing - Materiality, Risk Assessment and Internal Control

  • Course Duration 9 months
  • Course LanguageNone
  • Course Videos0

What you will learn

  • ✔ CHAPTER 4
  • ✔ CHAPTER 4

Description

Materiality risk assessment and internal control are interconnected concepts used in auditing to determine the significance of potential misstatements and evaluate the effectiveness of a company's control system in preventing and detecting them. Materiality sets the threshold for what constitutes a significant misstatement, while the risk assessment process identifies and prioritizes potential risks, which are then mitigated by internal controls. Auditors use this information to focus their procedures on areas with a higher risk of material misstatement

 

SESSION 1 LINK

https://www.youtube.com/live/pimsncfxzzI?si=yGUyLyR-a4c6IHfq

SESSION 2 LINK

https://www.youtube.com/live/TMcECZkSSx0?si=_iUnKNLQ7W51dQhh

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Standards on Auditing - Materiality, Risk Assessment and Internal Control

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Standards on Auditing - Materiality, Risk Assessment and Internal Control

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