Journal entry testing

15 April 2026

Online: See Details for Timings

This session explores the methodologies for effective journal entry testing through the lens of audit risk and IT controls. John Donnelly and Helen discuss assessing the risk of material misstatement by evaluating the control environment, specifically regarding management bias and overrides. Demos Demou emphasises that IT General Controls (ITGCs) form the foundation for relying on journal entry data. The panel also addresses how to handle large populations without relying on incorrect "sampling of a sample" methods.

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