PSA 315 requires:
a. Obtaining an understanding of the entity
and its environment
b. Identifying and assessing the risks of
material misstatement
c. Discussion among engagement team
members about the risk of material
misstatement in the financial statements.
d. All of the above
a. Obtaining an understanding of the entity
and its environment
b. Identifying and assessing the risks of
material misstatement
c. Discussion among engagement team
members about the risk of material
misstatement in the financial statements.
d. All of the above