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Recorded webinar | ACCA

Why fraud is hard to audit for and how to detect it

Enhance your understanding of ISA standards through practical examples, covering auditors' fraud responsibilities, real-world cases, and more

Overview

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This event was recorded on 26 March 2025

Fraud can be hard to detect and many auditors have come to severely regret audit failures in this area. Auditing for fraud is special and needs a different approach.

In May 2021, the Financial Reporting Council (FRC) published revised ISA (UK) 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements. This standard applied for periods commencing on or after 15 December 2021. The standard reinforces the requirement that auditors are required to detect certain frauds, despite the difficulties involved.

This course builds on the ISA and uses practical examples to bring the topic to life.

  • The auditor’s responsibilities in relation to fraud
  • Risk assessment
  • Designing tests
  • The role of the audit team discussion, in detecting fraud
  • How to appropriately apply scepticism
  • Management override
  • Testing journals
  • Issues around related parties
  • Real world fraud case studies
  • Reporting fraud

John Selwood is a Chartered Accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers. He speaks on auditing, financial reporting, company law and anti-money laundering.

Previously, he has been the technical partner for a top thirty firm of accountants and head of an accountancy network.

John is a member of ICAEWs Audit and Assurance Faculty’s Technical and Practical Auditing Committee and has been involved with presenting and writing the material for the Audit & Assurance and Financial Reporting Faculty’s events for many years. He also regularly writes for Audit & Beyond.

Upon completing registration, you will gain exclusive access to this recorded event for up to 12 months. Additionally, course handout materials will be available for download from your document library at https://events.accaglobal.com

Price

Price (excluding VAT) 108 GBP

Location

United Kingdom

Date & time

On demand

Enquiries

Email enquiries UKCL@accaglobal.com

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