Materiality, sampling and substantive testing

Overview:

This session will focus on the important considerations when setting materiality and determining the most effective approach to substantive testing, including sampling and analytical procedures. These areas often involve judgement on the part of the auditor and are therefore often challenging.

Topics covered will include:

• Setting materiality and performance materiality – benchmarks and percentages
• Key materiality documentation requirements
• Sampling vs selection
• Determining sample sizes
• Key considerations when extrapolating misstatements
• Substantive analytical procedures

Richard Hemmings

Richard has many years’ experience in technical and training roles in both large and medium sized accountancy practices, most recently Macintyre Hudson (MHA) and BDO. Richard is an experienced trainer and file reviewer of audits of varying size and complexity. He looks to add value through working with teams to improve processes and in particular the use of audit software. He also provides training and technical advice to partners and staff of all levels on both auditing and financial reporting, with a specialism in charities.

3 CPD units

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

1 hour of learning = 1 unit of CPD.

Fee: 136 GBP + VAT (163.2 GBP) per delegate

Please note: If you are unable to join the live webinars, they will be available on-demand 24 hours after the live webinar ends and you will have access to the sessions for 12 months.

The webinar handout material will be available on the webinar platform when you log in to view, 15 minutes before the live webinar start.

If you wish to view or download handout materials, before the day of the webinar, they will also be available through your document library on https://events.accaglobal.com.

This event is organised by ACCA Continuous Learning.

If you have any queries regarding this event please contact us on: