... context relevant to a proper understanding of the ISA, and definitions. The entire text of an ISA, therefore, is relevant to an understanding of the objectives stated in an ISA and the proper ... planning and performance of the audit and, among other things: • Identify and assess risks of material misstatement, whether due to fraud or error, based on an understanding of the entity and ... OBJECTIVES OF THE INDEPENDENT AUDITOR AND THE CONDUCT OF AN AUDIT IN ACCORDANCE WITH INTERNATIONAL STANDARDS ON AUDITING ISA 200 80Application and Other Explanatory Material An Audit of Financial...