The auditor's responsibility for detecting and reporting fraud and other illegal acts

Article Abstract:

The second exposure draft of a proposed auditing guideline has been issued by the Institute of Chartered Accountants in England and Wales Auditing Practices Committee for comment by members. The purpose of the guideline is to provide auditors with guidance regarding the extent of their duties in detecting fraud, the factors that influence the conduct and planning of audits, and the extent to which audit findings should be reported to management. The topics discussed include the definition of relevant audit terms, management's responsibilities for the detection of fraud, audit considerations, and reporting procedures.

Prevention, Institute of Chartered Accountants in England and Wales, Fraud, Great Britain

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Basic principles governing limited assurance engagements

Article Abstract:

Principles are provided for the individual auditor who is called upon to make a limited assessment of a firm's financial position, but which does not entail a full and complete audit. The guideline pertains strictly to auditing of financial information, but can be adapted to the audit of non-financial information such as systems of internal accounting control, computer software, and compliance with statutory or regulatory requirements.

Accounting and auditing

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Exposure draft 34 - 1 October 1989: engagements to compile financial information - a proposed international auditing guideline/Related Service

Article Abstract:

The International Federation of Accountant's International Auditing Practices Committee's Exposure Draft (ED) 34 (Oct 1, 1989): Engagements to Compile Financial Information - a proposed International Auditing Guideline/Related Services, is presented. The ED covers the basic principles governing compilation engagements, general guidelines, and reporting on compilation engagements.

Laws, regulations and rules, International Federation of Accountants. Committee on International Auditing Practices, Corporation reports, Company reports

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