Deloitte comment letter on IAASB proposed ISA on material misstatements

Published on: 06 Nov 2018

We have responded to the IAASB’s exposure draft Identifying and Assessing the Risks of Material Misstatement and Proposed Consequential and Conforming Amendments to Other ISAs, that was published in July 2018.

The comment letter notes that DTTL is supportive of the exposure draft; however, DTTL believes that aspects of ED-315 should be revisited to clarify the risk assessment and work effort to be performed by the auditor.

Download the full comment letter below.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.