Updates from IAASB
Recently, the International Auditing and Assurance Standards Board (IAASB) proposed a significant strengthening of the International Standard on Auditing (ISA) 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
Some of the key changes proposed include:
The comments are invited up to 5 June 2024.
To access the text of the proposed amendments, please click here