Course description
ISA (UK) 315 (Revised) - Identifying and Assessing the Risks of Material Misstatement became effective for audits of periods commencing on or after 15 December 2021.
Its requirements are fundamental to the planning of an audit and set out a more granular approach to identifying and assessing risks of material misstatement.
Presented by auditing expert Richard Hemmings, this virtual classroom seminar is aimed at RIs, managers and other members of the audit team involved in the planning. It will explore key elements of the risk assessment process, how to understand the client’s use of IT to identify and assess risk of material misstatement, responding to IT risks, and what good documentation looks like.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
ISA (UK) 315 (Revised) - Identifying and Assessing the Risks of Material Misstatement became effective for audits of periods commencing on or after 15 December 2021.
Its requirements are fundamental to the planning of an audit and set out a more granular approach to identifying and assessing risks of material misstatement. The revisions also update the understanding required of an entity for developments in technology in both client entities and auditing techniques.
For most clients, the upcoming audit will be the second under the revised requirements and an opportunity to refine the approach, with the benefit of a deeper understanding of the changes.
This session is aimed at RIs, managers and other members of the audit team involved in the planning.
What You Will Learn
This live and interactive course will cover the following:
- Brief summary of ISA (UK) 315 (Revised) and the reasons for the changes
- Key elements of the risk assessment process
- Understanding the client’s use of IT to identify and assess risk of material misstatement
- Responding to IT risks
- What does good documentation in this area look like?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...