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.
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.
Field of Study: Auditing
Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.
EA, PMP
Chris Clark, EA and a PMP. Chris has been involved in the e-learning industry for over 20 years. He creates courses that are training professionals in the following industries: Accounting, Finance, Taxation, Information Technology, Project Management, Networking, and Security. Chris also has an instruction design certification and consults on many training projects.
