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.

Are your financials tough enough to survive an audit? With ISA 570 tightening the screws on going concern, accountants can no longer rely on vague forecasts or hopeful assumptions. This article breaks down what’s changing, what auditors will now expect, and how you can bulletproof your AFS before audit season hits. If your projections can’t stand up to scrutiny, this is your early warning!

Unveil the ISA for LCE, revolutionising auditing for small entities. Tailored for simplicity, it ensures trust in financial statements. Explore its impact, applicability, and resources at IAASB for a confident transition into this new era of auditing