International resources: ISA (NZ) 315
Standard and amendments |
International resources |
This standard was revised to require a more robust approach to risk identification and assessment, to promote better responses to identified risks. The Financial Markets Authority has continued to highlight the importance of understanding an entity and its environment, and has identified a focus on proper risk identification as part of the auditor regulation and oversight plan.
This page provides:
- A Factsheet providing an overview of what has changed
- IAASB and CPA Canada Support Materials
- Scalability considerations for audits of less complex entities
- First time implementation guides to assist in adoption of the revised standard
- Frequently asked questions.
IAASB Factsheet
|
|
Factsheet with more information on ISA 315 (Revised 2019)
|
IAASB Introduction to ISA 315
IAASB Support Materials
|
|
Using automated tools and techniques when identifying risk of material misstatements.
The Risk Identification and Assessment Process: Tips on Implementing ISA 315 (Revised 2019) |
CPA Canada Revised CAS 315 Implementation Tool for auditors
|
|
This tool focuses on selected new requirements and emphasises the scalability of the standard with a focus on less complex entities. |
AUASB Scalability considerations for audits of less complex entities
|
|
This document provides a reference to support auditors in applying the revised version of ISA 315 on an LCE audit. Have a look here. |
The IAASB’s first time implementation guide
Frequently asked questions (FAQs)
|
Click here to access FAQs on the revised standard released by the Australian Auditing and Assurance Standards Board. |