Materiality and Misstatements in an Audit of Financial Statements - 2018 | The Malta Institute of Accountants | 20 March 2018 | Tower Training Centre, Tower Business Centre, Tower Street, Is-Swatar, Malta BKR 4013
Venue
Tower Training Centre
Tower Training Centre, Tower Business Centre, Tower Street, Is-Swatar, Malta BKR 4013
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| Event Date |
Tue Mar 20 GMT (over 6 years ago)
In your timezone (EST): Tue Mar 20 12:00am - Tue Mar 20 12:00am |
| Location |
Tower Training Centre
Tower Business Centre, Tower Street, Is-Swatar, Malta BKR 4013 |
| Region | EMEA |
Details
The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
This session will discuss how the concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements.
Key Topics:
• The determination of materiality and performance materiality when planning and performing an audit
• Revision as the audit progresses
• The concepts of misstatements, uncorrected misstatements and clearly trivial
• The auditor’s responsibility in evaluating the effect of identified misstatements and uncorrected misstatements in the audit
• Documentation required
Speakers
2018 Speaker
Michelle Spiteri Bailey
MIA Technical Manager