As Auditors Sharpen Their Scrutiny of Fraud, Accountants Will Feel the Impact

Fraud is back in the spotlight and accountants need to pay attention. With new changes to the audit standard ISA 240, there’s now more focus on identifying and responding to fraud risks in financial reporting. What does this mean? There will be more questions from auditors, stricter checks on controls, and closer review of red flags like unusual transactions or poor cash flow. Do not be left behind, know what’s changed, what to look out for, and how to stay prepared.