Understanding materiality and conducting a thorough risk assessment are two of the most critical components of a high-quality audit. The course Audit – Materiality and Risk Assessment offers a detailed and practical look into how auditors evaluate what matters most and identify where the risks truly lie. This essential session is perfect for professionals engaged in audit training and fits seamlessly into any LMS aimed at developing strong, risk-based audit capabilities.

The course begins by explaining the concept of materiality—both quantitative and qualitative—and how it shapes audit scope, resource allocation, and testing strategies. It then delves into audit risk assessment, guiding learners through the identification of inherent, control, and detection risks. Topics include how to assess fraud risk, evaluate internal controls, use analytical procedures, and document professional judgments effectively.

Whether you’re an internal or external auditor, this course is a must-have to sharpen your risk-thinking and decision-making skills. Including Audit – Materiality and Risk Assessment in your audit training strategy helps ensure that audit efforts are focused, efficient, and capable of delivering valuable insights in today’s increasingly complex audit environments.