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M22013 - Managing the risks of material misstatement during an audit (Online)

  • 16 Mar 2022
  • 09:15 - 12:30
  • Online Webinar


Registration Time: 09:00
Sessions Time: 09:15 - 12:30  including a 15-minute break
Speaker: Mr Paul Spiteri
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

*Group bookings for 3 or more participants available.

BackgrounD information

Risk is a concept which features predominantly in auditing. One of the primary functions involved in auditing is identifying the risks faced by an entity, both business and financial, and reducing these risks to an acceptable level. ISA 330 deals with the responsibilities faced by the auditor in designing and implementing audit procedures which specifically respond to the risk of material misstatement. ISA 330 interrelates to that of ISA 315 in identifying and assessing the risks of material misstatement by gaining an understanding of the entity and the environment in which it operates.
Auditors have a responsibility to gather sufficient appropriate audit evidence to support the overall audit opinion and this audit evidence is gathered primarily through substantive procedures and tests of controls. Both strategies go about assessing the level at which the identified audit risks affect the financial statements as a whole.
In this presentation we will be identifying the optimum ways to mitigate or reduce the risk of a material misstatement by having programs in place to review the evidence used to support the design and operating effectiveness of controls that are going to be used by auditors to gain assurance of management assertions.

Topics on the agenda

• What could result in non-compliance with ISA 330;
• How to identify risks of material misstatements;
• Assessing the risks of material misstatement (taking also into consideration COVID-19 related risks);
• Performing audit procedures in response to assessed risks

Why is the session of relevance to our members?

Enhance knowledge to ensure compliance with the requirements of ISA 330

Target Audience


    Speaker's Profile

    Paul Spiteri - M. Accty.(Melit.), AIA, CPA
    Paul graduated as a qualified accountant from the University of Malta in 2015, and is an Associate of the Malta Institute of Accountants. He is also a Certified Public Accountant and holds a practicing certificate in auditing.
    Paul joined a leading audit firm in 2011, during his university studies, in which period he started to gain significant experience in auditing various companies in various sectors and has also worked in the consultancy department.
    He currently works as a Chief Financial Officer with an established firm in the construction industry.
    Paul also holds a Diploma in Insurance Accounting and Auditing.


    3 Hours Core


    Terms and conditions  apply


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