In modern audit there are never enough resources to go round. So, it is vital that the audit resources we have are deployed in a logical and effective manner, focusing on the most material risks of misstatement. The complexity of this challenge is addressed in the new revised ISA 315.

This course considers the revised approach to risk and materiality during the planning, execution and reporting of an audit. It ensures you use your resources effectively, by adopting best practice approaches to audit risk, judging the materiality of misstatements and communicating these clearly to your clients

This course will enable you to:

  • implement the new revised ISA 315 Identifying and Assessing the Risks of Material Misstatement
  • comply with ISA 320 Audit Materiality
  • judge your response to risks to comply with ISA 330 The Auditor's Response to Assessed Risks
  • develop a strong plan and strategy for the risk and materiality assessment
  • assess the impact of misstatements, overall materiality, and the options when communicating material misstatements.
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Helping accountants grow

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.