Fraud remains one of the most challenging areas for auditors.
Regulators continue to identify deficiencies in how auditors address fraud risk, including over-reliance on management representations, insufficient challenge, and inadequate documentation.
At the same time, evolving digital business models and remote working environments are obscuring traditional audit trails, making fraud harder to detect and easier to conceal.
This session examines how fraud risks are changing, where audit approaches are falling short, and what is required now and in the near term.
This session will:
- Analyse recent fraud cases and how they could have been prevented or detected
- Highlight common audit deficiencies and how to address them
- Explain key requirements and what has changed in the revised ASA 240 – The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report
- Examine how AI, automation, and remote working are reshaping fraud risk, and
- Explain how to document effective audit responses to fraud risk.
