ISA (NZ) 315 (Revised) Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment

  • Auditing

Deals with the auditor’s responsibility to identify and assess the risks of material misstatement in the financial statements, through understanding the entity and its environment, including the entity’s internal control.


Effective for audits of financial statements for periods as indicated. Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard.

  • ISA (NZ) 315 (Revised) – Periods ending on or after 15 Dec 2016

    Date of issue: Feb 2013 Date compiled: 31 Oct 2015

Previous Versions

  • ISA (NZ) 315 (Revised) – Periods beginning on or after 1 Jul 2014

    Date of issue: Feb 2013 Date compiled: 31 Dec 2013