The implementation of ISA 315 (Revised 2019) was aimed at improving the quality of audits by enhancing the auditor’s risk assessment process through gaining a deeper understanding of the entity, its environment, and its internal controls. Risk assessment forms the foundation of an effective audit, and ISA 315 (Revised 2019) provides the basis for designing and implementing appropriate responses to identified risks of material misstatement.
Auditors should dedicate sufficient time during the planning phase of an audit to ensure that both ISA 315 (Revised 2019) and ISA 330 are applied correctly. By doing so, you can identify and focus on key risk areas, obtain sufficient and appropriate audit evidence, and avoid performing redundant procedures during fieldwork.
CaseWare has enhanced its audit tools to align with the requirements of ISA 315 (Revised 2019) and ISA 330, particularly in relation to risk assessment, documentation, and IT risk management.
This course provides a practical understanding of how to apply these standards within CaseWare. You will learn how to:
- Obtain an understanding of the entity and its environment
- Identify risks of material misstatement
- Assess those risks effectively
- Avoid common errors in planning and documentation
By the end of this course, you will be able to apply ISA 315 (Revised 2019) and ISA 330 more effectively within CaseWare, improving both audit quality and efficiency.
Upon completion, you will receive a verifiable LEAF Bronze CPD Certificate, recognising your professional development.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quests Curriculum
- 5 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) in this level: 1. Welcome
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Levels 02 Engagement Evaluation and ISA 315
Mission(s) in this level: 2. Engagement Evaluation & ISA
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Levels 03 Risk Assessment
Mission(s) in this level: 3. Risk Assessment Intro, 4. Risk Assessment Examples
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Levels 04 Common Errors
Mission(s) in this level: 5. Common Errors
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Levels 05 Final Quiz
Pass the Final Quiz with at least 80 % to complete the quest and receive a a verifiable LEAF Bronze CPD Certificate upon completion.
Success Stories
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Kevin M. Audit Senior
"This course closely aligned with how we use CaseWare in practice. It made ISA 315 much easier to apply."
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Aisha P. Audit Manager
"Clear and practical. It helped me understand how to properly document risk assessment in CaseWare."
