ISA (Ireland) 315 (Revised October 2020), Identifying and Assessing the Risks of Material Misstatement, is effective for audits of financial statements beginning on or after 15 December 2021.
The standards that have been updated to reflect the conforming amendments, including the corrections in the 2020 edition of the International Auditing and Assurance Standards Board’s Handbook, are:
- ISA (Ireland) 200 (Updated December 2018), Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (Ireland)
- ISA (Ireland) 210 (Revised November 2020), Agreeing the Terms of Audit Engagements
- ISA (Ireland) 230 (Updated December 2018), Audit Documentation
- ISA (Ireland) 240 (Revised October 2021), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
- ISA (Ireland) 250 Section A (Revised July 2017), Consideration of Laws and Regulations in an Audit of Financial Statements
- ISA (Ireland) 260 (Revised November 2020), Communication with Those Charged with Governance
- ISA (Ireland) 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
- ISA (Ireland) 300, Planning an Audit of Financial Statements
- ISA (Ireland) 315 (Updated October 2020), Identifying and Assessing the Risks of Material Misstatement
- ISA (Ireland) 330 (Revised August 2018), The Auditor’s Responses to Assessed Risks
- ISA (Ireland) 402, Audit Considerations Relating to an Entity Using a Service Organisation
- ISA (Ireland) 500 (Updated December 2018), Audit Evidence
- ISA (Ireland) 501, Audit Evidence—Specific Considerations for Selected Items
- ISA (Ireland) 530, Audit Sampling
- ISA (Ireland) 540 (Revised December 2018), Auditing Accounting Estimates and Related Disclosures
- ISA (Ireland) 550, Related Parties
- ISA (Ireland) 600 (Revised November 2020), Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
- ISA (Ireland) 610, Using the Work of Internal Auditors
- ISA (Ireland) 620 (Revised November 2020), Using the Work of an Auditor’s Expert
- ISA (Ireland) 701 (Revised November 2020), Communicating Key Audit Matters in the Independent Auditor’s Report
- ISA (Ireland) 720 (Revised November 2020), The Auditor’s Responsibilities Relating to Other Information