Key auditing standard ASA 315 Identifying and Assessing the Risks of Material Misstatement has been revised, expanding from 68 to 108 pages. It is operative for financial reporting periods commencing on or after 15 December next year but can be applied early.
This session will focus on:
- Revisiting the key requirements of the existing standard
- Examining the major changes, and
- The merits of early adoption to reduce the risks of material misstatement.