Basis for Conclusions: ISA 240, The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements

This ISA deals with the auditor's responsibilities relating to fraud in an audit of financial statements. Specifically, it expands on how ISA 315 and ISA 330 are to be applied in relation to risks of material misstatement due to fraud.

Basis for Conclusions: Clarity (Issued December 2006) (PDF | 148K)

Related Resources

• Basis for Conclusions: IAASB Strategy and Work Program, 2012–2014
• Basis for Conclusions: ISA 610 (Revised 2013), Using the Work of Internal Auditors
• Basis for Conclusions: ISA 610 (Revised), Using the Work of Internal Auditors, and ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
• Basis for Conclusions: ISAE 3410, Assurance Engagements on Greenhouse Gas Statements
• Basis for Conclusions: ISRE 2400 (Revised) Engagements to Review Historical Financial Statements