Auditing: Control and Risk

(5 reviews)

by Steve Collings

Part of a series on 2024-25 Auditing Updates. This short course focuses specifically on issues of control and risk that are key to understanding an entity, as required by ISA 315. It covers some common issues seen when applying ISA 315, the assessment of general IT controls, audit risk and response and fraud considerations.

This module will enable you to

  • Recognise common problems found when applying ISA 315
  • Assess general IT controls effectively
  • Discuss audit risk and response
  • Understand fraud considerations and the requirements of ISA 240

About the module

Focusing on understanding the entity and the issues of risk and control covered in ISA 315 Identifying and Assessing the Risks of Material Misstatement, this short course offers a general update and a recap of various issues that have been noted during regulatory reviews of audit work.

The central theme running through ISA 315 is risk. The standard was revised a couple of years ago, and it is now three times the size of its predecessors. There is an increased focus on understanding the entity, understanding the entity’s systems and understanding the IT controls; all of which is covered in this update.

Contents

  • Control and risk

How it works

Author

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA’s Practice Network Panel.

Reviews

4.9
(5 reviews)
5
4
3
2
1
 
 
 
 
    MH
    M H
    23 Apr 2025
    23 Apr 2025
    Very informative and up to date
    FM
    Farrukh M
    21 Jan 2025
    21 Jan 2025
    concise and structured updated
    NK
    Nicholas K
    11 Nov 2024
    11 Nov 2024
    Excellent coverage
Recommended

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Pick n Mix

All you need for this year's CPD.

Licence

All you need for this year and more.

Team

Keep your whole team up to date.
Access to this course
Total CPD unitshourshours1 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more

Why not upgrade?

Find the best way to complete your CPD

More in this series

Take a look more modules from the series: Auditing Updates 2024-25

This course is only available as part of an accountingcpd licence.