IASB issued a significant update to ISA No. 315 "Identifying and Assessing the Risks of Material Misstatement" In accordance with the approved procedures for new or revised versions of standards, SOCPA examined and translated the updated standard. In accordance with said procedures, feedback is required from interested parties on such publication, which can be found on SOCPA's website; encouraging participation in any modification (if any) so that the committee may consider such amendments.
SOCPA, represented by its Audit Standards Committee, hopes interested parties will familiarize itself with the standard and provide any comments on its requirements or on its translation, as per the designated form.