Fraud– AASB

Date recorded:

At its meeting on November 28-29, 2022, the AASB discussed issues related to this project. Key issues included: the auditor’s responsibilities when fraud or suspected fraud is identified; communicating identified fraud risks and the auditor’s response in the auditor’s report; and proposals to address the issue of identified significant deficiencies in internal control that are relevant to the prevention and detection of fraud in the financial statements.

Review the Executive Summary on the AASB's Web site.

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