Draftworx- Materiality scoping and risk assessment procedures

Price:
R414.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Draftworx
Lecturer:
Probeta Training
Duration:
60 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

In this session, we are going to discuss the following concepts:

  • Materiality (10.10)
  • Identification of audit sections (10.20)
  • Risk assessment procedures
  • Risk of Material Misstatement
  • Verification of opening balances
  • New entity (11.05)
  • Opening balance test (11.10)
  • Engagement team discussion agenda document (11.15)
  • Review of the prior year's audit report and management report (11.20)