HKSA 315 (Revised 2019) Identifying and Assessing the Risks of Material Misstatement
Technical Resource
This webpage contains pronouncements, guides and articles that are relevant to HKSA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement.
HKSA 315 (Revised 2019) has been revised to include a more robust and consistent risk identification and assessment. It sets out clarified and enhanced requirements, and enhanced application material, to support the auditor’s risk assessment process, intended to support more focused responses to the auditor’s risk assessment in accordance with HKSA 330, The Auditor’s Responses to Assessed Risks.
AFRC Connect: How Important is Audit Risk Assessment?
This video uses real cases to demonstrate how audit planning and risk assessment affect audit quality at different stages and provide practical insights and technical reminders in an easy-to-understand manner.
