ISA (UK) 240 and ISA (UK) 315 – Changes and their implications for client and auditor

Michael Cook, Partner and Head of Audit and Assurance, and Peter Manser, Partner in Audit and Assurance present a short video which is designed to provide an overview and indication of the impact of the upcoming changes to two of the more significant International Standards on Auditing on fraud and risk assessment – ISA 240 and ISA 315.

These revised standards come on the back of updates to ISA 540 (accounting estimates) and ISA 570 (going concern) which were revised two years ago. These new revisions aim to drive better quality and more consistent risk assessments, as well as promote the exercise of professional scepticism.

This presentation covers the impact on both client and auditor.

If you would like to know more about the changes to ISA 240 and ISA 315, contact Kreston Reeves today.