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Auditing Standard ASA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of a Financial Report (October 2025)
ObjectivesObjectives
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Objectives
- The objectives of the auditor are:
- To identify and assess the risks of material misstatement of the financial report due to fraud;
- To obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses;
- To respond appropriately to fraud or suspected fraud identified during the audit; and
- To report in accordance with this ASA.