Breaking down the spectrum of inherent risk one barrier at a time
Overview
The author shares some insights into the “spectrum of inherent risk” and “significant risks” due to the interest these two elements have received in terms of how it would impact/change the risk assessment process, the resultant audit approach, and understanding how they fit in together.
| Author | Fatima Khan, KPMG Senior Manager |
|---|---|
| Division | Audit and Assurance |
| Keywords | ISA 315 (Revised 2019) spectrum of inherent risk |
| Categories | ISA 315 (Revised 2019) |
| Date | January 2022 |
| URL |