9. Auditor’s responsibility for failure to detect fraud and errors | | Audit Podcast By Neeraj Arora | Episode 9
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As per SA 240, the responsibility for the prevention and detection of fraud and error rests with the management through the implementation of an adequate system of internal control. Such a system reduces but does not eliminate the possibility of fraud and error.
9. Auditor’s responsibility for failure to detect fraud and errors | | Audit Podcast By Neeraj Arora | Episode 9
9. Auditor’s responsibility for failure to…
9. Auditor’s responsibility for failure to detect fraud and errors | | Audit Podcast By Neeraj Arora | Episode 9
As per SA 240, the responsibility for the prevention and detection of fraud and error rests with the management through the implementation of an adequate system of internal control. Such a system reduces but does not eliminate the possibility of fraud and error.