Materiality for Assurance Work: Getting It Right in Independent Reviews
If you get materiality wrong, your whole assurance conclusion is at risk. This session shows you how to calculate and apply materiality correctly when performing independent reviews.
2 CPD units January 22, 2026 1 presenter
What will set you apart
By completing this course you will gain the following competencies
- What materiality really means in assurance engagements
- Why materiality matters so much in independent reviews
- How to calculate materiality step by step
- Which benchmarks are appropriate for different entities
- How to adjust materiality based on risk and judgement
- The difference between overall materiality and performance materiality
- How materiality affects planning, procedures, and conclusions
Event breakdown
- Materiality in the context of assurance engagements
- Materiality requirements for independent reviews
- Choosing the right benchmark for materiality
- Applying appropriate percentages
- Overall materiality versus performance materiality
- Materiality and risk assessment
- How materiality affects review procedures
- Evaluating misstatements using materiality
- Documenting and defending materiality judgements
Category: Assurance & reportingType: CPD CourseCPD category: Independent Review
Description
Materiality is one of the most important judgements in assurance work, yet it is often misunderstood or applied inconsistently. This session focuses specifically on calculating and applying materiality in independent review engagements. It explains materiality in clear, practical terms and shows how the chosen benchmark and percentage directly influence the work performed and the final conclusion. Delegates will learn how materiality links to risk assessment, planning procedures, and evaluating misstatements. The session avoids theory and focuses on how materiality is applied in real engagements, helping professionals avoid overwork, underwork, and regulatory findings. By the end of the session, delegates will be able to set materiality with confidence and defend their judgement if questioned.
Presenters
Eszter Rapanos
You will earn a certificate
On successful completion you will receive a certificate for 2 CPD units in Independent Review.
Requirements
- Laptop, desktop, or mobile device with internet access
- Microsoft Edge, Google Chrome, Safari, or Firefox browser