Step B. Planning and risk assessment
B3. Assessing Audit Risks
a) Explain the components of audit risk.
b) Describe the audit risks in the financial statements and explain the auditor’s response to each risk.
c) Define and explain the concepts of materiality and performance materiality.
d) Explain and calculate materiality levels from financial information.
Risk Assessment
01Explanation5:34
How To Answer "Audit Risk" Questions
02Explanation3:08
Q10 Pilot
03Past Paper0:56
F8 June 13 3b
04Past Paper12:01
F8 June 11 3b
05Past Paper11:26
December 11 3a
06Past Paper5:40
December 11 3b
07Past Paper10:19
December 13 1a
08Past Paper7:57
December 13 1b
09Past Paper13:36
F8 MCQ 11 December 2014
10Past Paper0:17
Audit Risk Recap
11Explanation3:00
B3a. Components Of Audit Risk
12Quiz questions
B3b. Affecting Audit Risk
13Quiz questions
Bc/B3d. Materiality
14Quiz questions
CBE Questions
Syllabus B3
Paper Exam Questions
Syllabus B3