Webcast
Auditing Top-Ten List: Planning & Materiality
Clarify how planning and materiality decisions shape a risk-based audit, from selecting benchmarks and thresholds to aggregating misstatements and documenting judgments that support an efficient, defensible opinion.
$49.00
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and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Auditing
Course Level
Overview
Format
Webcast
Course Description
Planning & Materiality walks through where planning decisions fit in the overall audit lifecycle and how they drive an efficient, risk-based engagement. Using Sunish Mehta’s “audit pipeline” model, the course links US GAAS requirements, risk assessment procedures, assertion-level risks, and further audit procedures so auditors can see how context, “what can go wrong” analysis, and professional skepticism come together in a coherent audit strategy.
The program then drills into the top 10 issues in materiality: defining materiality under AUC 320, setting planning materiality, performance materiality/tolerable misstatement, and clearly trivial thresholds; selecting appropriate benchmarks; incorporating qualitative factors and evaluation materiality; and documenting judgments in a way that stands up to inspection. Practical guidance on reassessing materiality, aggregating misstatements (factual, judgmental, and projected), and considering group-audit implications helps auditors calibrate scope, avoid over- or under-auditing, and connect materiality decisions directly to reporting outcomes.
Learning Objectives
Upon completion of this course, participants will be able to:
- Describe the overall audit lifecycle for a non-public entity
- Develop the overall audit strategy
- Apply the Top-Ten List in the determination and calculation of the concept of materiality on a financial audit
Course Specifics
WC1925430132
May 8, 2025
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Sunish Mehta, experienced CPA, CGMA, CPE Instructor and thought leader. As founder and principal of Mindful-CPA Mindful-PRO, Sunish has over 30 years of experience. He leads training courses in Accounting, Auditing, Leadership & Management and Mindfulness with an attitude of making things Fun & Easy for all his audiences! Professional Highlights: Inner MBA – New York University 2021. BS in Accounting & Business Admin – California State University, Northridge 1993 National Speaker with leading CPE Providers for over 16 years leading seminars, webinars, courses and workshops across the US and India, China and The Philippines. Over 15 years of professional …
Webcast
