WHY do auditors need to UNDERSTAND their clients? ISA/ASA 315 explained (part 1)

For the new ISA315 coming in 2021 - check out this video - Revised ISA315 - how do we identify SIGNIFICANT RISKS? https://youtu.be/SgH8A1kImbQ
I think ASA/ISA 315 is one of the key standards that sest the entire foundation of the audit and audit strategy. This standard is so important I’ve broken it into 3 parts - the Standard, the Explanatory Paragraphs and the new Exposure Draft.

My ultimate audit video study guide is available here
https://amandalovestoaudit.com/learning-resources/audit-study-guide/

If you have questions about ASA/ISA 315, add them in the comments below.

Part 2 of the video here!
https://youtu.be/bvWB3wgRKMQ

Find ASA 315 here http://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx

#StandardsExplained #SignificantRisks #AuditRisks #ILoveAudit #Auditing

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Видео WHY do auditors need to UNDERSTAND their clients? ISA/ASA 315 explained (part 1) канала AmandaLovesToAudit