CAS 240: The Auditor's Responsibilities Relating to Fraud
Requires the auditor to identify and assess risks of material misstatement due to fraud, design responses to those risks, and apply professional skepticism throughout.
Pourquoi CAS 240 est important
Revenue recognition and management override of controls are presumed fraud risks under CAS 240. Issuers that cannot produce well-documented revenue cut-off testing, journal-entry testing population evidence, and management override response procedures will fail this section.
Référentiel: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Source principale: FRAS Canada
Questions fréquentes
Qu'est-ce que CAS 240 ?
Requires the auditor to identify and assess risks of material misstatement due to fraud, design responses to those risks, and apply professional skepticism throughout.
Pourquoi CAS 240 est-il important pour un audit ?
Revenue recognition and management override of controls are presumed fraud risks under CAS 240. Issuers that cannot produce well-documented revenue cut-off testing, journal-entry testing population evidence, and management override response procedures will fail this section.
À quel référentiel appartient CAS 240 ?
CAS 240 relève de : Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Normes connexes — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 250 — Consideration of Laws and Regulations
- CAS 260 — Communication with Those Charged with Governance
Voyez comment Auditus vérifie CAS 240
Auditus.ai exécute des mandats PCAOB, ISA et NCA de bout en bout et cite la norme exacte derrière chaque constatation, y compris CAS 240.