Materiality Made Clear - Practical Guidance for Auditors

Introduction

This short webinar explores the key considerations involved in setting materiality and performance materiality in a financial statement audit.

Through practical examples, it demonstrates how to select an appropriate benchmark and determine a suitable percentage to apply.

It will also cover factors that influence performance materiality and highlights scenarios where a lower materiality threshold may be necessary for specific audit areas.

What You Will Learn

This webinar will cover the following:

• How to evaluate different benchmarks and select the most appropriate one for the entity
• Key considerations when determining the percentage to apply
• Considerations for setting performance materiality
• When and why to apply lower materiality levels to specific account areas or disclosures
• Practical tips for documenting materiality judgments clearly and effectively

This webinar was recorded on 26th February 2026

You can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.