Cápsula Técnica
Por CPA Maritza Rivera, miembro del Comité de Revisión entre Colegas
El Comité de Revisión entre Colegas tiene el compromiso con la calidad en nuestra profesión. Es por esto que periódicamente estará publicando cápsulas técnicas con temas recientes de interés a los practicantes/Firmas de CPA. En esta ocasión, el tema será: SAS 145: Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement (supersedes SAS No. 122).
Esto aplicará para toda auditoría con cierre del 31 de diciembre de 2023 en adelante, ya que la fecha de efectividad es para aquellos periodos que terminen en o después del 15 de diciembre de 2023. A continuación información relevante publicada en el SAS 145:
- Effective date: for audits of financial statements for periods ending on or after December 15, 2023
- New requirement:
- separately assess inherent risk and control risk
- to always assess control risk at the maximum level if the auditor does not plan to test the operating effectiveness of controls, when control risk is High, the Assessment of the risk of material misstatement is the same as the assessment of inherent risk.
- A revised definition of significant risk.
- New guidance on scalability.
- New guidance on maintaining professional skepticism.
- New stand-back requirement intended to drive an evaluation of the completeness of the auditor’s identification of significant classes of transactions, accounts balances, and disclosures.
- A conforming amendment to perform substantive procedures for each relevant assertion of each significant class of transaction, account balance, and disclosure.
SAS 145 does not fundamentally change the key concepts underpinning audit risk, which is a function of the risks of material misstatement and detection risk. Rather, SAS 145 clarifies and enhance certain aspects of the identification and assessment of the risks of material misstatement to drive better risk assessments and, therefore, enhance audit quality.
Para sugerencias de temas favor comunicarse con CPA María T. Laboy, mlaboy@colegiocpa.com.