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Practitioner’s pulse (April 2022): CAS 315 – Preparing for the new risk identification and assessment standard

Join us for this webinar to hear a representative from the Auditing and Assurance Standards Board (AASB) and practitioners from BDO share key revisions and enhancements to revised CAS 315, as well as tips for implementation.

Stay current on the latest developments impacting your audits. Learn about the significant revisions to CAS 315, Identifying and Assessing the Risks of Material Misstatement, and how these changes will impact your engagements – the quality of your audit depends on it!

The new risk identification and assessment standard is now in effect for audits of financial statements for periods beginning on or after December 15, 2021. Tune in to hear first-hand from the standard setter, as well as perspectives from members in practice.

In this webinar, we will explore the objectives and key revisions and enhancements of the updated standard. We will also hear practical tips and considerations that will equip you for a smooth implementation of the standard going into your 2022 audits.

  • auditor responsibilities related to revised CAS 315, Identifying and Assessing the Risks of Material Misstatement

  • practitioners of firms who perform audits of financial statements

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Implementation tool for auditors: Revised CAS 315, risks of material misstatement

Risk Management and Assessment for Business Investment Concept. Modern graphic interface showing symbols of strategy in risky plan analysis to control unpredictable loss and build financial safety.

Audit and assurance alert: Revised CAS 315, risks of material misstatement