Although good audit planning can deliver significant audit efficiencies, cold file reviewers frequently tell us that this stage of the audit is not tackled well. Focussing on the requirements for smaller SME audits, this practical session will refresh your knowledge of all the important aspects. Topics covered will include: How to perform an audit risk assessment and what it should reveal, Minimum controls work requirements, Planning the work – substantive vs controls based testing; sample sizes, Calculating and using materiality calculations, Top tips for audit efficiency, Crucial documentation requirements and how to comply