Course Details

ISA 315, dealing with audit risk assessment, is one of the fundamental building blocks of an effective audit.  It has been subject to major revisions which will take effect from late 2021.

 Attendees will obtain an understanding of the changes in the requirements and how they can make a start now on changing their systems and procedures to ensure compliance.

 

  • Background to the revised standard;
  • The increased emphasis on inherent risk, and the new risk assessment factors;
  • The new “spectrum of risk”, and the identification of significant risks;
  • The enhanced focus on IT and controls; and
  • Practical implications, and how to get ready for the new requirements.

CPD Course Speaker

ECR Professional Ltd

Edward Rands

Edward Rands was for eleven years the Risk and Professional Standards partner at a large independent firm of chartered accountants.

He led the firm’s technical team, which was responsible for maintaining and updating accounting and auditing knowledge, and for dealing with complex problems and queries as they arose.

He was also the founder chairman of the UK technical committee of his firm’s international network, and a contributing author of the network’s commercially published IFRS manual.

He now works as an independent consultant, advising firms on technical and regulatory matters.