CAS 315

Note: Condensed Checklists? NFP audit forms updated for CAS 315 have been included in the Not-for-profit folder for Audit Engagements. Please note that the condensed version of audit forms for standard and NFP audits have NOT been updated for the revised CAS 315 and have been removed from Jazzit Audit Checklists.

The new audit standards CAS 315 introduces a number of new checklists for PEG Audit. Jazzit has implemented a number of links to help streamline the audit planning process under CAS 315. This links apply to the following checklists:

520 - Risk register - Identifying and assessing risks of material misstatement
550 - Understanding control activities, evaluating design, determining implementation and assessing control risk
551 - Understanding general IT controls, evaluating design and determining implementation
590 - Engagement scoping - Classes of transactions, account balances and disclosures
A-Z 100 Series checklists

A summary of these links can be found in the table below.

Source Checklist	Data Transferred	Target Checklist	Further Details
520	RMM (FS level) in Part A of checklist 520	A-Z 100 Series Checklists (A.100, FF.100 etc)	520 To A-Z 100 Series Checklists
520	RMM (assertion level) in Part B of checklist 520	590	520 To 590
520	RMM (assertion level) in Part B of checklist 520	550	520 To 550
550	Automated Controls	551	550 To 551
590	'X' and 'O' for assertions and Risk reference	A-Z 100 Series Checklists (A.100, FF.100 etc)	590 To A-Z 100 Series Checklists
A-Z 100 Series Checklists (A.100, FF.100 etc)	Part 2 table to Part 3 table (assertions)	A-Z 100 Series Checklists (A.100, FF.100 etc)	A-Z 100 Series

Also included: