April 2023
Intermediate to advanced
1056 pages
34h 59m
English
Although the Public Accounting Oversight Board (PCAOB) is focused on guidance for public companies and broker dealers, it offers information that can be valuable on audits of other entities. In June 2022, the PCAOB issued areas of focus for its inspections. Its alert emphasized current threats regarding fraud risk. See the preface to this volume for more information.
AU-C 240 focuses on the auditor's responsibility for fraud in a financial statement audit. AU-C 240 complements and expands on guidance in AU-C 315 and 330 regarding risks of material misstatements. (AU-C 240.01)
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