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 22 January 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 — Eszter Rapanos is a Chartered Accountant (SA) with extensive experience in auditing, quality assurance and the public sector. She began her career at the Auditor-General South Africa and has worked on projects involving organisations such as the European Union, World Bank, GIZ and KfW. She has also held senior roles in audit, training and quality control within accounting firms. At CIBA, Eszter leads quality assurance and public sector initiatives, drawing on her strong technical, regulatory and professional experience.

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