Risk Assessments and lessons learned from ISA 315

Objectives 

This session will take a deep-dive look at one of the most important areas in auditing - risk assessment. It will consider compliance with ISA (UK) 315 (Revised) as well as how good risk assessment can be used to drive audit quality as well as audit efficiency. 

Key Topics 

The course will cover: 

• An overview of revised ISA (UK) 315, that applies for periods commencing 15 December 2021 
• Assessing inherent risk and control risk 
• Identifying significant risks
• Developing a focus on what is important 
• How to drive the audit 
• Review 
• Documentation that properly supports your audit strategy 

Who Should Attend 

This webinar is aimed at all auditors.