About this course
ISA 240, The auditor’s responsibilities relating to fraud, is a core auditing standard that outlines how auditors should address the risk of fraud in financial statements. This refresher course is designed for audit professionals who want to reinforce their understanding of the standard and strengthen their ability to detect and respond to fraud.
The course revisits the distinction between fraud and error, explores the auditor’s role versus management’s responsibilities, and highlights the importance of professional scepticism throughout the audit process. You will review key concepts such as the fraud triangle, common risk indicators, and effective audit responses when fraud is suspected. Through a combination of readings, practical video lessons, and case studies, this refresher ensures that you can confidently apply ISA 240 in audit situations.
ACCA are pleased to offer a 3-for-2 discount on this range of CPD. Add three Learnsignal ISA courses to your basket and get the cheapest free.
By completing this course, you will understand how to:
- differentiate between fraud and error in an audit context
- identify common fraud risk indicators and red flags
- design procedures to respond to assessed fraud risks
- comply with communication responsibilities under ISA 240
- identify limitations in detecting management override.
Key information
- This refresher course assumes a basic understanding of auditing principles and is ideal for those who want to update their knowledge, improve judgment, and strengthen audit quality in practice.
- The course consists of video lectures, reading materials, quizzes and practical examples to enhance your understanding.
- CPD certificate is available upon successful completion of the course.
- Course produced by Learnsignal.
