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ISA 315 (Revised) Implementation tips

ISA 315 (Revised) Identifying and assessing risk is effective for audit of financial statements for periods beginning on or after 15 December 2021.

The revised standard introduces major changes in approach to risk identification and assessment. The enhancements will affect all audits and audit firms of all sizes will need to revise their approach to risk assessment. Following our webinar of September 2020 which introduced the main changes in the revised standard, we build on this to explore how you might approach implementation.

Join Jo Burns and Ed Rands to find out more about the implementation steps to consider, including:

  • Exploring different starting points of implementation
  • Planning changes to your methodology, including how to incorporate inherent risks
  • Promoting behavioural change
  • Practical implementation challenges

Watch the webinar and download the accompanying resources

First broadcast 17 March 2021

This webinar is only available to Audit and Assurance Faculty members for further information about the faculty please visit our joining page.