WHY do auditors need to UNDERSTAND their clients? ISA/ASA 315 explained (part 1)
For the new ISA315 coming in 2021 - check out this video - Revised ISA315 - how do we identify SIGNIFICANT RISKS? • Revised ISA315 - how d...
I think ASA/ISA 315 is one of the key standards that sest the entire foundation of the audit and audit strategy. This standard is so important I’ve broken it into 3 parts - the Standard, the Explanatory Paragraphs and the new Exposure Draft.
My ultimate audit video study guide is available here
amandalovestoaudit.com/learni...
If you have questions about ASA/ISA 315, add them in the comments below.
Part 2 of the video here!
• ISA/ASA 315 Part 2! Ex...
Find ASA 315 here www.auasb.gov.au/Pronouncement...
#StandardsExplained #SignificantRisks #AuditRisks #ILoveAudit #Auditing
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Joby Gorillapod
Пікірлер: 18
Thank you very much Amanda .very useful
Amanda your really a professional auditor and you doing a great and wonderful work for me
Found very helpful for my final exam of CA... Thanks
Thanks Amanda for the good work.
@amandalovestoaudit
6 жыл бұрын
Thanks Erick!
Thank you so much. This helps me a lot😊😊
Thanks a lot Amanda. I'm a Chartered Accountant student in India. Mostly the standards are same, even the name and number. Your videos provide best explanation on these standards. I'm hoping to pass this time with your help. Thanks a lot!! ☺
Thank a lot Amanda. it is useful for me. May i know when the part 2 is available?
@amandalovestoaudit
6 жыл бұрын
Hi Vu! Just released it today - ISA/ASA 315 Part 2! kzread.info/dash/bejne/lKqLpJWwl7WxfbQ.html Part 3 on the new exposure draft will be out tomorrow :)
thanks a lot.
Hi Amanda, what does the term mean “rebuttal of the assumed risk of assessment” in context? Thanks Daniel
@amandalovestoaudit
3 жыл бұрын
Hi Daniel - is this from ISA/ASA315? It is not a phrase I'm familiar with in this specific standard
@danielgordon4760
3 жыл бұрын
Hi Amanda, ISA 240 contains a rebuttable presumption mention which relates to revenue, and has come up in a CA worked example in a test of control question
The standard says that "not all business risk give rise to risks of material misstatement." Can you provide an example of such business risk?
@amandalovestoaudit
4 жыл бұрын
I go through this in depth here in this video :) Can you identify Significant Risks for an audit client? kzread.info/dash/bejne/d4KYy86Bm6mYp7w.html
The standard says that "not all business risk give rise to risks of material misstatement." Can you provide an example of such business risk?
@amandalovestoaudit
4 жыл бұрын
Hi Jhonica - sorry for the delay in replying to this. I talk about this and give some examples in this video here kzread.info/dash/bejne/d4KYy86Bm6mYp7w.html