Objectives
Describe important judgments made by the auditor in providing reasonable assurance about whether financial statements are materially misstated due to fraud or error
Explain how to apply subjectivity, materiality and other critical aspects of professional judgment when preparing financial statements and related disclosures
Apply illustrative examples to explain how judgment can be appropriately applied in reliable financial reporting
Major Topics
Determining an appropriate sense of quantitative and qualitative materiality
Identifying the critical components of the financial statements that matter most to financial statement users
Evaluating where the financial statements are most likely to contain material fraud and error, and ensuring adequate internal control and monitoring to mitigate those risks
Designed For
Public accountants, industry accountants and others who are involved in the preparation of financial statements
