Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
CAS 315, Identifying and Assessing the Risks of Material Misstatement has been significantly revised, reorganized, and enhanced to require a more robust risk identification and assessment to promote improved responses to identified risks. The revised standard introduces new concepts and definitions, enhancements and clarifications to help the auditor apply the audit risk model, and strengthened documentation requirements relating to the exercise of professional skepticism, among other things. It is important to understand the changes to the standard and how these changes will impact audit engagements. This course is for everyone! Auditors, Board Members and those interested in keeping informed in revisions to the auditing process.
This course introduces the revisions to CAS 315, Identifying and Assessing the Risks of Material Misstatement. This course will review the key changes and introduce you to the extensive application material in the revised standard. This course builds on your understanding of planning an audit based on a strong understanding of the business and its environment. In addition, the importance of understanding technology will be discussed..
There will be a final quiz to test your knowledge at the end of the course.TOPICS INCLUDE
- Some of the requirements of CAS 315
- What has remained the same in CAS 315
- What are the changes and why were these changes made
- What these changes mean for your next audit
- How the changes fit within the entire audit plan and response
- Components of internal control
- Assessing risks of material misstatement and designing responses
- What is included in the application material of CAS 315
- Scalability considerations
NOTE: No updates or changes were made to the 2023 version of this course. If you completed the course in 2022, please be advised the 2023 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
LEARNING OBJECTIVES
WHO WILL BENEFIT
This course is auditors and others who want to, or need to be aware of the revisions CAS 315.
Participants should have a working knowledge of the CPA Canada Handbook – Assurance.
How to Access The Course
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.