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ISA (UK) 240

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proposed INTERNATIONAL STANDARD ON AUDITING (UK) 240 (REVISED 2021)* THE AUDITOR S RESPONSIBILITIES RELATING TO FRAUD IN AN AUDIT OF FINANCIAL STATEMENTS (Effective for audits of financial statements for periods commencing on or after 15 December 2021) CONTENTS Paragraph Introduction Scope of this ISA (UK) ........................................ ........................................ ..... 1 Characteristics of Fraud ........................................ ........................................ ... 2 3 Responsibility for the Prevention and Detection of Fraud ................................. 4 8 Effective Date.

Proposed ISA (UK) 240 (Revised 2021) 6 12-1. The auditor shall undertake risk assessment procedures and design and perform further audit procedures in a manner that is not biased towards obtaining audit evidence that may be corroborative or towards excluding audit evidence that may be contradictory. (Ref: Para. A7-1) 13.

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