GLOBAL STANDARD TO HELP AUDITORS PLAY LARGER ROLE IN FIGHTING FRAUD
September 23rd, 2024
The New York-based International Auditing and Assurance Standards Board (IAASB) is revising its International Standard on Auditing ISA 240 - ‘The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements’ to help auditors play a more direct role in detecting and investigating fraud (1).
This global body should approve comprehensive changes to the standard in March 2025, which have been under consultation this year, ready for final approval and certification by the Public Interest Oversight Board (PIOB) - an independent body linked to ...
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