ACCA AAA INT Syllabus B. Professional and Ethical Considerations - Audit Approach - Notes 5 / 5
Audit teams members should discuss the risk of fraud at planning stage
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Further Procedures:
Ask Management what their assessment of the risk is
Ask Management what their processes are for identifying and dealing with these risks
Ask Management how they communicate this process to staff
Ask management if any actual or suspected fraud has occurred
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Syllabus B. Professional and Ethical Considerations
B2. Fraud and Error
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When are Auditors Liable to their Client?
Syllabus B. Professional and Ethical Considerations
B3. Professional Liability