Fraud
Objective
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
Board Minutes
CAG Papers
Issued Document
Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements
Other
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
Summary
MEETING HIGHLIGHTS DECEMBER 2020
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.
