IN AN ORDINARY EXAMINATION, THE AUDITOR EVALUATES THE IMPORTANCE OF ERRORS OR IRREGULARITIES, WEAKNESSES IN THE INTERNAL CONTROL SYSTEM, SUSCEPTIBILITY OF CERTAIN RECORDS TO MISSTATEMENT, AND THE VALIDITY OF DOCUMENTS SUPPLIED BY MANAGEMENT. WHEN AUDITORS SUSPECT THAT FRAUD MIGHT EXIST, THEY SHOULD ...
The results provide consistent evidence that perceptions of external auditor responsibility to detect fraud are higher under SAS No. 82 than under SAS No. 53. In addition, the results indicate that the external auditors' perceptions increased more than the perceptions of the internal auditors and ...
In this respect, the auditor's role to prevent and detect fraud is a very important part of his/her job because of the use of advanced and complex computer systems. As a consequence, this paper is concerned about fraud, based on the primary responsibility for prevention and/or detection of...
They acknowledge their responsibility for the design, implementation and maintenance of internal control to prevent and detect fraud. They have disclosed to the auditor: a) Management's assessment of the risk of fraud in the FS. b) Their knowledge of fraud/suspected fraud involving: Management, e...
200INTERNATIONAL STANDARD ON AUDITING 240 THE AUDITOR’S RESPONSIBILITY TO CONSIDER FRAUD AND ERROR IN AN AUDIT OF FINANCIAL STATEMENTS CONTENTS Paragraph Introduction... 1-2 Fraud and Error and their Characteristics... 3-9 Responsibility of Those Charged with Governance and of Management... 10-12...
Also, sources both internal and external to the entity may tip off internal auditors to fraud indicators. To effectively identify indicators, the internal auditor must become familiar with fraud. While not expected to have the expertise of one whose primary responsibility is to detect and ...
Limits the auditor's responsibility to detect errors and fraud. b. Describes the auditor's responsibility to evaluate going concern issues. c. Lists potential significant deficiencies discovered during the prior year's audit. d. Explains the analytical procedures that the auditor expects to apply. ...
Auditors are not responsible for transactions that occur after the date of their reports. Moreover, they are not necessarily required to detect all instances of fraud or financial misrepresentation; that responsibility primarily lies with an organization's management team. ...
The auditor's responsibility is properly to plan, perform and evaluate his audit work so as to have a reasonable expectation of detecting material misstatements in the financial statements, whether they are caused by fraud, other irregularities or errors. Where the auditor fails to detect that ...
In the wake of recent corporate accounting scandals, auditors are encouraged to improve their method of fraud detection. Although Statement on Auditing Standards (SAS) No. 99 does not change the responsibility of the auditor for detectin... AL Lynch - University of South Florida 被引量: 6发表...