Last week, IAASA published its feedback paper and revised ISA (Ireland) 315 Identifying & Assessing the Risks of Material Misstatement. In August 2020, IAASA published its consultation on the proposal to revise ISA (Ireland) 315, Identifying and Assessing the Risks of Material Misstatement, in line with the revisions made by the Financial Reporting Council (FRC) and the International Auditing and Assurance Standards Board (IAASB).
IAASA notes that respondents were in agreement with the proposal to issue the revised standard and has published a Feedback Paper which is available to view by clicking here.