This presentation is an overview of SAS 122, AU 240 which outlines the external auditor’s responsibility to detect material fraud. Although the external auditor is responsible for the detection of anything that may cause a material misstatement of the fi
DESIGNED FOR
External and Internal Auditors
BENEFITS
- Recognize the external auditor’s responsibility to detect material fraud
- Describe the concept of materiality
- Designing effective audit procedures to detect fraud based on risks
- Evaluating internal controls on
HIGHLIGHTS
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None