ISA 220 (Revised) Archives - Leaf Quality Systems (Pty) Ltd

Risk and Sample Sizes
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LEAF Audit Quality, LEAF Technical, LEAF Training

Risk and Sample Sizes

LEAF Quality Systems (Pty) Ltd2021-09-19T17:36:19+02:00

Risk and Sample Sizes The whole focus of an audit hinges on the risk of material misstatement, and the limited resources and time to detect any misstatement. Therefore, the risk of misstatement is assessed, and limited testing performed based on the risk assessed and the measure of accuracy of the results of the tests desired. ISA315 (and its revision) steers clear of explaining the practicalities of applying risk assessment to sample sizes and the audit approach. In this article, we attempt to address this gap. [...]

Risk and Sample SizesLEAF Quality Systems (Pty) Ltd2021-09-19T17:36:19+02:00

The new face of quality management
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LEAF Audit Quality, LEAF Financial Reporting, LEAF Technical, LEAF Training

The new face of quality management

LEAF Quality Systems (Pty) Ltd2022-09-12T14:33:25+02:00

The new face of quality management There has been significant activity in the quality management arena over the past few years, culminating in the approval of the set of new quality management standards at the September 2020 IAASB meeting. Subject to final approval by the Public Interest Oversight Board later this year, it is anticipated that the standards will be issued by the end of the year and that the profession will have 24 months to implement the changes introduced with these new standards. Key changes The set of [...]

The new face of quality managementLEAF Quality Systems (Pty) Ltd2022-09-12T14:33:25+02:00