SA 315 For December 2021 Audit Exams | SA 315 Risk Assessment Bullet Revision By Neeraj Arora

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  • čas přidán 14. 11. 2020
  • #sa315 #audit #neerajarora
    Hi Guys! In this video, Neeraj sir is going to revise the CA Intermediate SA 315 for your upcoming December 2021 & May 2022 exams.
    SA 315 deals with Identifying and Assessing the Risk of Material Misstatement Through Understanding the Entity and Its Environment.
    SA 315 is very important from the exam point of view and holds the weightage of at least 5 marks in CA Inter Auditing exam.
    SA 315 is covered in Chapter 4 of CA Inter Study Material of ICAI. In this revision video of SA 315 we will revise the complete SA in a quick & summarized manner.
    SA 315 is effective for audits of financial statements for the period beginning on or after April 1, 2008.
    The objective of the auditor under SA 315 is to identify and assess the risk of material misstatement in an entity’s financial statement and implement appropriate responses & procedures which will reduce such risk to an acceptably low level.
    Under revision video of SA 315 we will cover the following topics:
    👉Scope of SA 315
    👉Objective of SA 315
    👉Definitions
    👉Risk Assessment Procedures and Related Activities
    👉Entity’s Environment
    👉Entity’s Internal Control
    👉Entity’s Risk Process
    👉Information System Activities
    👉Control Activities
    👉Identifying and Assessing the Risk of Material Misstatement
    👉The risk that requires Special Audit Considerations
    👉Revision of Risk Assessment
    👉Documentation
    We have tried to make the revision video of SA 315 in a short and crisp manner. You can revise the complete SA 315 through this video and can score amazing marks in your CA Inter December 2021 Auditing Exam.
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