Identifying & Assessing the Risk of Material Misstatement - A Practical Guide for Irish Auditors

Introduction

Identifying the risk of material misstatement is a fundamental responsibility for auditors.

However, there is no ‘one-size-fits-all’ approach. Each entity operates within a unique environment—different personnel, controls, processes, IT systems, and industries.

Therefore, accurately identifying and assessing these risks requires a combination of technical knowledge, professional judgment, and a deep understanding of the specific entity being audited.

In this webinar, Elaine Jackson of Michael Power Accountants and Process will explore several key International Standards on Auditing (ISAs), including:

• ISA 315 - Identifying and Assessing the Risks of Material Misstatement
• ISA 320 - Materiality in Planning and Performing an Audit
• ISA 450 - Evaluation of Misstatements Identified During the Audit
• ISA 520 - Analytical Procedures

Essential viewing for Irish accountants and auditors, this webinar will enhance your ability to identify risks of material misstatement—resulting in more effective audit planning and execution and enabling the Engagement Partner to form an appropriate audit opinion.

What You Will Learn

This webinar will cover the following:

• The benefits of using analytical procedures during the planning stage
• The importance of evaluating internal controls
• The relevance of assessing the entity’s IT environment
• How to establish and justify overall audit materiality
• How to identify and assess risks of material misstatement
• How to evaluate misstatements identified during the audit

This pre-recorded webinar will be available to view from Tuesday 2nd December 2025

Alternatively, you can gain access to this webinar and 1,900+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.