IAASB examines challenges related to fraud and going concern

Released 17 November 2020

The IAASB has released a summary of key takeaways following three recent virtual roundtables with experts and leaders exploring issues and challenges related to fraud and going concern.

These roundtables focused on:

The impact of technology advancements on fraud perpetration and detection;

The “expectation gap”, or differences between public perceptions and the auditor’s responsibilities for fraud and going concern; and

Fraud and going concern in audits of less complex entities.

Further information, including a link to the key takeaways publication, can be found at https://www.iaasb.org/news-events/2020-11/now-available-key-takeaways-iaasb-s-roundtable-series-fraud-and-going-concern.

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