The Accountancy and Tax Summit - Audit: Hands on Approach to Fraud
Category: Technical | Duration: 1hr | Tag: VODUKATS2216 | Type: Video | Speaker: Elaine Jackson
On 27 May 2021 the Financial Reporting Council (FRC) issued a revision of its UK auditing standard on the responsibilities of auditors relating to fraud (ISA (UK) 240).
The new standards will be effective for audits of financial statements for periods commencing on or after 15 December 2021.
The revisions mean that auditors are required to obtain “reasonable assurance” as to whether a company’s financial statements are free from material misstatement due to fraud.
In this session, Elaine Jackson will focus on 2 or 3 industries and provide practical guidance on;
• The structure of discussions to be had with Management
• Challenging management’s assessment
• The information and audit evidence to be obtained
• The testing to be performed
• The conclusions to be drawn
This is a session not to be missed!
Elaine Jackson