Materiality

Auditing Theory: Concept and Practice Tutorial Series covers the necessary skill and knowledge that will help in passing the CPA Licensure Exam and information that will guide auditors in performing auditing and related services.

This video aims to help the viewers understand and review the concept of materiality in auditing financial statements.

Subscribe to our channel to be updated on the release of the next videos.

Contents:
0:00 - Start
1:20 - What is Materiality?
5:32 - Considering Materiality and Audit Risk
8:20 - Determining Materiality
11:38 - Overall Materiality
18:55 - Specific Materiality
24:04 - Performance Materiality
29:40 - Example: Determining Overall Materiality and Performance Materiality
31:43 - Revisions to Materiality
33:45 - Documentation


Facebook Page:   / akawntingpage  
Youtube Channel:    / akawnting  
Visit our blog: https://akawnting.com