Course Details

In this course we take a look at the concept of Materiality, its application by auditors at the planning stage, and when performing the audit and evaluating the effect of identified misstatements on the audit and of uncorrected misstatements in forming their opinions. This core fundamental concept of ISA 320 is then linked to Audit Sampling under ISA 530 in the audit engagement which will deal with the methods of sample selection, the linking of materiality to sample selection and the “Sampling Risk” within engagements.

Finally, the course will discuss testing to address the completeness assertion with particular focus on addressing the concept of “Completeness of Income” including the deficiencies or common weaknesses in appropriately testing this area.

  • Setting materiality under ISA 320 and practically applying the three materiality thresholds
  • Setting the trivial misstatement threshold under ISA 450
  • Sampling Calculation and Design under ISA 530
  • Practical Completeness of Income Testing using the concepts of materiality, sampling and the requirements of ISA 500


CPD Course Facilitator:

Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.