Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 102

The auditor should use professional judgment and information obtained when identifying the risks of material misstatement due to fraud. The auditor should consider the following attributes of the risk when identifying risks:

 Type (Does the risk involve fraudulent financial reporting or misappropriation of assets?)

 Significance (Could the risk lead to a material misstatement of the financial statements?)

 Likelihood (How likely is it that the risk would lead to a material misstatement of the financial statements?)

 Pervasiveness (Does the risk impact the financial statements as a whole, or does it relate to an assertion, account, or class of transactions?)

Throughout the audit, the auditor should evaluate whether identified fraud risks can be related to certain account balances or classes of transactions and related assertions, or whether they relate to the financial statements as a whole. (AU-C 240.25) Examples of accounts or classes of transactions that might be more susceptible to fraud risk include:

 Liabilities from a restructuring because of the subjectivity in estimating them

 Revenues for a software developer, because of their complexity

NOTE: The auditor should document the identified fraud risks.