Fraud - Identifying and Handling as an Auditor

Objectives

To provide practical guidance for auditors in their responsibilities in relation to fraud in an audit engagement, complying with the ISA requirements. Identifying areas of possible fraud in an effective risk assessment and the responsibilities for auditors when one is identified and the impact on an audit report.

Key topics

• An overview of the auditor’s responsibilities in relation to fraud (ISA 240)
• Performing an effective risk assessment (ISA 315R) to identify areas of potential fraud
• Fraud risk areas in the current economic environment
• The auditor’s responsibilities on the identification of a fraud and the impact on the audit engagement
• Audit reporting in relation to fraud

Who should attend

All levels of staff in practice involved in auditing financial statements.