CTHRepealedLegislation
ASA 240 - The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report - October 2009
Discussion among the Engagement TeamDiscussion among the Engagement Team
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Discussion among the Engagement Team
- ASA 315 requires a discussion among the engagement team members and a determination by the engagement partner of which matters are to be communicated to those team members not involved in the discussion[6]. This discussion shall place particular emphasis on how and where the entity’s financial report may be susceptible to material misstatement due to fraud, including how fraud might occur. The discussion shall occur setting aside beliefs that the engagement team members may have that management and those charged with governance are honest and have integrity. (Ref: Para. A11‑A12)