Revisions to ISA 315 - IAASB

Date recorded:

At its meeting on September 19–23, 2016, the IAASB (a) was informed about the ISA 315 Working Group's activities since the June 2016 IAASB Board meeting; (b) approved a proposed project proposal on the revisions to ISA 315, subject to certain agreed changes, and (c) provided input on  certain issues and working group recommendations related to revising ISA 315. In particular, the components of internal control, significant risks and the spectrum of risks were discussed.

Review the summary on the IAASB's Web site.

Correction list for hyphenation

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