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Auditing Standard ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (October 2025)
Engagement PerformanceEngagement Performance
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Engagement Performance
- In applying ASA 220,[13] the engagement partner shall determine that the nature, timing and extent of direction, supervision and review is responsive to the nature and circumstances of the audit engagement, considering matters identified during the course of the audit engagement, including: (Ref: Para. A43)
- Fraud risk factors;
- Fraud or suspected fraud; and
- Control deficiencies related to the prevention or detection of fraud.