ISA 330 – THE AUDITOR`S RESPONSES TO ASSESSED RISK

 ISA 315 deals with the auditor’s responsibility to design and implement responses to the risks of material misstatement identified and assessed by the auditor in accordance with ISA 315  in an audit of financial statements.

The standard defines such requirements as Overall Responses, Audit Procedures Responsive to the Assessed Risks of Material Misstatement at the Assertion Level, Adequacy of Presentation of the Financial Statements, Evaluating the Sufficiency and Appropriateness of Audit Evidence, Documenting of auditor`s response to assessed risk.

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