ISA 330 — The Auditor’s Responses to Assessed Risks
ISA 330 is an international pronouncement addressing designing and implementing audit responses to assessed risks of material misstatement. It concerns responses to assessed risks at the financial-statement and assertion levels, including tests of controls when required or relied upon, and substantive procedures. More persuasive evidence is needed for higher assessed risks.
Worked example
For a higher-risk balance, the auditor increases the persuasiveness of the substantive evidence obtained.
Common mistake
Do not respond to a significant risk with a generic increase in work without addressing the assertion and evidence required.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |