Risk assessment steps and their changes due to the adoption of International Standard on Auditing (ISA) 315 (Revised 2019)

Nataliya V. Smagina, Valeriya V. Petrova
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Abstract

Subject. This article considers the impact of the new requirements of International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment, on the risk-based approach applying in auditing. Objectives. The article aims to disclose the new requirements affecting one of the most important steps of auditing, namely the identification and assessment of risk in accordance with the new principles of ISA 315 revised. Methods. For the study, we used a systems approach. Results. The article summarizes the innovations of the revised Standard and proposes templates for working papers reflecting a risk-based approach application in the field of material misstatement risks. Conclusions and Relevance. The updated requirements of ISA 315 have an impact on the scope and nature of risk assessment procedures. To conduct auditing in accordance with the new requirements, organizations need to train employees and modernize working papers. The proposed templates of working papers can be used by audit organizations in their practical activities to reflect a risk-based approach in the field of material misstatement risks.
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风险评估步骤及其因采用《国际审计准则》(ISA)315(2019 年修订版)而产生的变化
主题本文探讨了《国际审计准则》(ISA)第 315 号(2019 年修订)《通过了解实体及其环境识别和评估重大错报风险》的新要求对审计中应用的风险导向方法的影响。本文旨在披露影响审计最重要步骤之一的新要求,即根据 ISA 315 修订版的新原则识别和评估风险。在研究中,我们采用了系统方法。文章总结了修订标准的创新之处,并提出了工作文件模板,反映了基于风险的方法在重大错报风险领域的应用。ISA 315 的更新要求对风险评估程序的范围和性质产生了影响。为了按照新的要求进行审计,组织需要培训员工并更新工作底稿。建议的工作底稿模板可供审计组织在实际活动中使用,以反映重大错报风险领域的风险导向方法。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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