Shubham MangalShubham asked 2 years ago

SA 315, 330 part is not clear

1 Answers
Auditaudit Staff answered 1 year ago

Answer has 3 things —
Definition of Inherent Risk
   –SA 330 How we give response to risk by designing appropriate procedures (above explanation by you can also be incorporated)
  — SA 315 — They are explaining identifying and assessing risk at financial statement level vs assertion level (See notes on SA 315, we have incorporated this part with examples and hindi transalation in proper sequence.

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