Behind every successful audit is a well-designed planning process. So, what are the key elements of planning that produce an effective audit? Find out the formula for a successful “audit method” in this CPE-eligible (1.0 CPE) eLearning course. This course details the planning requirements under the auditing standards and explains the role of materiality in planning an audit, including how audit risk and materiality impact the nature, timing, and extent of procedures performed during the audit. Materiality requirements under the auditing standards are also discussed. This course covers AU-C Sections 300 and 320 and AS 2102 and 2105. Are you ready? Grab your supplies and join us in the audit laboratory!