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INTERNATIONAL STANDARD ON AUDITING 315

www.ifac.org

International Standard on Auditing (ISA) 315, “Obtaining an Understanding of the Entity and Its Environment and Assessing the Risks of Material Misstatement” should be read in the context of the “Pre face to the International Standards on Quality

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INTERNATIONAL STANDARD ON AUDITING 315

www.ifac.org

THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT ISA 315 264 Introduction Scope of this ISA 1. This International Standard on Auditing (ISA) deals with the auditor’s responsibility to identify and assess the risks of material misstatement in the financial statements, through understanding the entity and its environment,

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INTERNATIONAL STANDARD ON AUDITING 315

www.ifac.org

343 isa 315 auditing international standard on auditing 315 understanding the entity and its environment and assessing the risks of material misstatement

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INTERNATIONAL STANDARD ON AUDITING 315 ... - IFAC

www.ifac.org

IDENTIFYING AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT THROUGH UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT 263 ISA 315 AUDITING International Standard on Auditing (ISA) 315, “Identifying and Assessing the Risks

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