CPE Event Details
Materiality and Misstatements in an Audit of Financial Statements (M1824)


Registration Time: 13.15
Session Time: 13.30 - 16.45 including a 15-minute coffee break 
Speaker: Michelle Spiteri Bailey
Venue: Lower Ground, Tower Training Centre, Swatar



The purpose of an audit is to enhance the degree of confidence of intended users in the financial statements. This is achieved by the expression of an opinion by the auditor on whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework.
This session will discuss how the concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements. 

  • The determination of materiality and performance materiality when planning and performing  an audit
  • Revision as the audit progresses
  • The concepts of misstatements, uncorrected misstatements and clearly trivial
  • The auditor’s responsibility in evaluating the effect of identified misstatements and uncorrected misstatements in the audit
  • Documentation required


 Auditors, accountants and students
Michelle is the MIA Technical Manager. She studied Accountancy at the University of Malta and completed her B.A. (Hons) Accountancy. She continued her studies and completed a MBA degree in Finance from the University of Leicester in 2006. She also obtained a specialised Diploma in Shipping Economics and Operations from the Cambridge Academy of Transport in 2010. Michelle has worked as an Auditor for 16 years and for the last 9 years worked as an audit manager with Deloitte, Malta. Michelle started her PhD at the School of Management, University of Leicester in April, 2013 and her PhD research focuses on trust, audit quality and professional scepticism. She is also presently a visiting lecturer at the University of Malta.


MIA Members: €35.00
Non-MIA Members: €70.00
Retired Members: €15.00
Students: €20.00

Individual bookings are to be placed and paid online (below). 
Group bookings and Retired MIA Members are requested to fill in the registration form and send it by post along with payment. 


Start Date: 20/03/2018


End Date: 20/03/2018


Service Provider: The Malta Institute of Accountants


Type Hours
Core 3.00


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