The International Standards on Auditing 320 Materiality in Planning and Performing an Audit

Date: 
Wednesday, 23 March 2016
Material: 
AttachmentSize
PDF icon Materialilty 23 3 2016 LACPA.pdf1.63 MB
Description: 

The LACPA organized a Seminar on the International Standards on Auditing 320 Materiality in Planning and Performing an Audit on Wednesday March 23, 2016 presented by Dr. Daoud Sobh - Consultant Crowe Horwath Professional Auditors

Dr. Sobh presented the concept of materiality in the context of the preparation and presentation of financial statements. Where the determination of materiality is a matter of professional judgment, and is affected by the perception of the financial information needs of users of the financial statements and is applied 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 and in forming the opinion in the auditors’ report.