Revisions to Audit Standards - ISA 315 Understanding the Client

ISA 315 is arguably the most important of all auditing standards. The revised standard is coming into force soon, and auditors need to understand the changes and how to apply them.

This course provides an overview of the whole standard, including:

• The audit risk model
• Understanding the client, its environment, control system and reporting framework
• Identifying and assessing risk using a spectrum
• Dealing with significant risk areas
• Understanding the approach to controls
• Application guidance and appendices