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CAS 330, The Auditor’s Responses to Assessed Risks

Ef­fec­tive date:

Effective for audits of financial statements for periods ending on or after December 14, 2010 except for subsequent amendments.

Overview

CAS 330, The Auditor’s Responses to Assessed Risks, deals with the auditor's responsibility to design and implement responses to the risks of material misstatement identified and assessed by the auditor in accordance with CAS 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment, in an audit of financial statements.

His­tory of CAS 330

Date

Development

Comments

June 2017

Amendments to paragraphs 20, 24 and 30 to address the adequacy of disclosures in the audit of financial statements.

Amended paragraphs 20, 24 and 30 are effective for audits of financial statements for periods ending on or after December 15, 2018. Earlier application is permitted.

Note: Our history summary does not take into account consequential amendments made as the result of other projects.

Amendments under consideration

  • None

Correction list for hyphenation

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