ISA 315 (Revised 2019) in practice

Auditors must obtain sufficient appropriate audit evidence to provide an opinion on whether an entity’s financial statements are free from material misstatement. To achieve this in the most effective and efficient way, they have to focus their efforts on those areas that carry the highest risk of being materially misstated. Risk identification and assessment therefore provides the basis of a robust audit and, as such, is probably the most important part of any audit. In this course we guide you in identifying and assessing the risk of material misstatement in terms of the International Standard on Auditing (ISA) 315 (Revised 2019). Complete this course and equip yourself to identify and assess all risks effectively, efficiently and appropriately in your audits.