SAS No. 122, AU 240, Consideration of Fraud in a Financial Statement Audit
Date/Time
6/15/2024
10:00 AM - 1:30 PM Central
Course Registration
Member: $99.00
Non-Member: $119.00
Credits
3 Credits
Event Type(s)
Webinars
Event Description

When performing a financial statement audit, auditors have always been responsible for the detection of anything that would cause a material misstatement of the financial statements whether caused by error of fraud.  However, in the past the audit profession focused on material misstatements due to errors and more or less ignored the possibility of misstatements due to fraud.  Now, SAS No. 122, AU 240 requires significant documentation as to what the auditor did in order to determine if there any material risk of a misstatement of the financial statements.  This presentation is an overview of what the auditor is to document in there working papers on every financial audit as to the procedures they performed in order to determine the risk of a material misstatement.  If a material risk is discovered, they are then required to document what they did in order to determine if the financial statements were misstated.


Speakers:
Dennis F. Dycus, CFE, CPA, CGFM
Location
Webinar
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