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Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement

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Administered by

Department of the Treasury

This item is authorised by the following titles:

Superseded version

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F2020L00234

06 March 2020 - 13 December 2022

Table of contents

Auditors of public sector entities often have additional responsibilities with regard to internal control and compliance with applicable laws and regulations. Enquiries of appropriate individuals in the internal audit function may assist the auditors in identifying the risk of material non-compliance with applicable laws and regulations, and the risk of control deficiencies related to financial reporting.