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Questions › Category: SA-315 › Financial Statement Level Risk or Assertion Level Risk
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Riya BansalRiya Bansal asked 2 years ago

Auditor is in doubt regarding Valuation of Property of Rs. 100 Crore, now whether it is Assertion Level of Risk as valuation of property is doubtful or it is Financial Level of Risk as it affects Financial Statements as a whole as per SA315.

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RaviRavi Staff answered 2 years ago

it is a assertion level risk 
 
watch  from 1 hr 8 min
 

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RaviRavi Staff answered 2 years ago

what do we mean by term assertion level as used many time in sa 500 sa 300 sa 315