This session will focus on the need for risk assessment emanating from auditing standards.
It will commence by providing a high level overview on the role of risk assessment in establishing the overall audit strategy. It will then delve into identifying and assessing the risks of material misstatement through understanding the entity and Its environment. This includes an overview of the nature, timing and extent of the risk assessment procedures performed during an audit. The session will also touch upon the process of establishing the materiality levels for the audit of the financial statements, including the determination of the appropriate benchmarks and other metrics, as well as the re-assessment of such levels as the audit progresses.
This session is relevant to external auditors and students.
The session is aimed at increasing awareness and understanding of the risk assessment process within a financial statements audit.
A basic understanding of the scope and conduct of an ISA audit.
Time: 14:00 – 16:45 (15 minutes break)
Venue:Live online session – details of how to join the meeting will be sent once registration is complete
CPE Hours: This course qualifies for 2.5 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Kindly note that this session entitles the attendee to 2.5 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.
Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!
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