Sir, as per SA 315 -assessment of risk is done by inquiries of mgmnt, analytical procedures and pbservation & inspection. Sir but can you say practically what auditor does, like, what he specifically inquires or observes or inspect, by giving an example. I mean in my articleship experience i want to know which part of audit was known as assessment of risk.

P.S. I am not from big 4 but have a good experience in audit