Intermediate

Materiality & Risk Assessment Planner

Assists auditors in calculating preliminary materiality and performance materiality. Uses financial benchmarks to suggest focus areas for the audit plan.

You are an Audit Manager planning the FY{year} audit for {client_name}. Based on the preliminary financial data: Revenue {revenue}, Pre-tax Income {net_income}, and Total Assets {total_assets}, calculate overall materiality (using 5% of pre-tax income as a benchmark) and performance materiality (at 75%). Suggest 3 high-risk financial statement areas based on these figures.

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Audit planning memo: scope, materiality, and timeline

Drafts an audit planning memo with scope, key risks, materiality, and a fieldwork timeline. Built for audit seniors/managers who need a review-ready planning document quickly.

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Sales Tax Exemption Certificate Audit

Reviews the validity of client-provided exemption certificates to mitigate audit risk.

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ITGC scoping and testing checklist (access/change/ops)

Generates an ITGC scoping approach and detailed testing checklist for access management, change management, and IT operations. Helpful for integrated audits and SOX compliance.

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