Mastering Audit Risk Assessments - Applying ISA (UK) 315 (Revised) Effectively

Introduction

ISA (UK) 315 (Revised), effective for audits of periods commencing on or after 15 December 2021, fundamentally reshapes how auditors identify and assess risks of material misstatement.

The standard introduces a more detailed, structured approach to risk assessment and significantly expands the focus on understanding how clients use technology - and how this affects audit risk.

This practical webinar is designed to help Responsible Individuals, managers and audit team members confidently apply ISA (UK) 315 (Revised) in real audit scenarios. It will provide clarity on what the standard requires, how to assess IT-related risks effectively and what high-quality documentation should look like under the revised approach.

Viewing this webinar will strengthen your audit planning, enhance compliance and ensure your risk assessments meet the expectations of regulators and reviewers.

What You Will Learn

This webinar will cover the following:

• Brief summary of ISA (UK) 315 (Revised) and the reasons for the changes
• Key elements of the risk assessment process
• Understanding the client’s use of IT to identify and assess risk of material misstatement
• Responding to IT risks
• What does good documentation in this area look like?

This pre-recorded webinar will be available to view from Monday 22nd June 2026

Alternatively, you can gain access to this webinar and 2,100+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.