Attendance at this seminar will secure 4 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Select
gillian@probetatraining.co.za
Fraud is a scary reality in any financial statements audit. The International Standard on Auditing ISA 240 introduces some minimum requirements when it comes to understanding and testing for fraud as part of an audit.
Are you familiar with these requirements?
Session 4 will focus on:
o ISA 240: The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements
Fundamentally the session will focus on planning and the considerations thereto, with the view to:
• Simplifying the relevant standards,
• Highlighting key elements and
• Providing action points
ISA 240 will be simplified relative to the following aspects:
• Risk identification procedures
• Assessing the risk of material misstatement due to fraud
• Identifying and evaluating fraud risk factors
• Presumed fraud risks
• Effect of fraud risk on the audit approach
☒Auditors
☒Audit mangers
☒Audit partners
☒Engagement Quality Control Reviewers
