Presentations

Implementing SAS No. 122, AU 240, Consideration of Fraud In a Financial Statement Audit

For the first time SAS No. 82, as amended by SAS No. 99, and subsequently clarified and  codified as SAS No. 122, AU 240, the Auditing Standards Board used the F word,  fraud.  Previously the standards never described what fraud looked like or what the auditor should do in order to detect it.  Now the auditor is required to determine the possibility of a material misstatement of the financial statements due to fraud on every audit.  This presentation is an overview of the statement requirements which must be documented on every audit.

Eight Hours