SA-315 in 8 words........


(Guest)

                                                       

SA-315

 

The gist is                  MD           ka                POWDER

 

 


M--------Material misstatement risk assessment

 

D--------Definition

 

 

 

 

                                         Ka

 

 

P--------Procedure of risk assessment & related activity

 

O-------Objective

 

W-------Weakness in internal control

 

D--------Documentation

 

E--------Entity & its environment understanding including the internal control

 

R--------Relevant controls understanding and its nature & extent