To gather information and perform research related to the public interest topic of fraud in an audit of financial statements in order to further inform the nature and extent of possible future IAASB actions in this area.

Project Contact

Working Group

Project Stages

Board Papers

August 2020 December 2020

Board Minutes

August 2020

CAG Papers

September 2020

Issued Document

Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements


Technology Fraud Roundtable - Cover-note and Agenda Expectation Gap and Auditor Reporting Roundtable – Cover-note and Agenda Fraud and Going Concern in Less Complex Entities – Cover-note and Agenda IAASB Fraud Technology Roundtable Recordings (Full session and Breakouts) Key Takeaways from IAASB's Roundtable Series on Fraud and Going Concern


The IAASB received an update on the information gathering activities in relation to fraud in an audit of financial statements. In particular, it was highlighted that outreach was being undertaken with investor groups to further understand their views.

The Board also discussed various specific matters related to the auditor’s efforts with regard to fraud within the ISAs and provided views on possible ways that the issues and challenges could be addressed.

The Fraud Working Group will continue to gather information to further inform the Board’s efforts in relation to fraud in an audit of financial statements, including consideration of the responses to the IAASB Discussion Paper that is out on consultation until February 1, 2021.


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