Audit engagement – CAS 315 Identifying and assessing RMM

Length: 3 h 30

New training for 2022-2023


In May 2020, CPA Canada issued some major amendments to section CAS 315 Identifying and Assessing the Risks of Material Misstatement (RMM). The new requirements significantly change how audit files are documented in the planning stage. These changes apply to periods beginning on or after December 15, 2021.

This course will allow you to identify the changes to the standard and understand and apply a risk identification and assessment process.


From understanding to applying the new CAS 315 guidelines:

  • Explanation of the new requirements
    • Control activities
    • Separate assessments of inherent RMM at the assertion level
    • Scale of inherent risk (probability and magnitude)
    • Importance of being able to step back when making RMM assessments and the auditor’s responses (CAS 330)
  • Other requirements
    • Analytical procedures at the planning stage
    • Information requests, observations and inspections
    • Components of internal control
  • Use of the company’s software and computer processing and the impacts on RMM
  • Documentation of the audit file

Last but not least

  • Presentation of the changes made to the Paradigme Audit Questionnaires
  • Examples and practical situations
  • Discussion with participants


Please contact André Mignault at 514-686-7341 to schedule your training.

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