CAS 315 is the standard that requires an auditor to identify and assess the risk of material misstatement. It is a fundamental standard in performing audits, however, auditors often face challenges in its application. There are many required procedures but many times auditors don’t know what is required, why they are performing certain procedures or how to execute them.
This course will help auditors gain a deeper understanding of the requirements of CAS 315. By investing time to properly perform risk assessment procedures to identify and assess the risk of material misstatement, auditors will streamline their engagements for greater efficiency.
Through an exploration of the standards, illustrative examples and guidance on practical application will strengthen your ability to conduct effective and efficient engagements.
Verifiable CPD
1.5 hours
