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| Author: | Mancino, J. |
| Title: | The auditor and fraud |
| Journal: | Journal of Accountancy
1997 : APR, VOL. 183:4, p. 32-34,36 |
| Index terms: | ACCOUNTING FRAUD PUBLIC ACCOUNTING |
| Language: | eng |
| Abstract: | The most highly publicized statement on auditing standards in years rolled off the presses in early February. SAS no.82 ,"Consideration of Fraud in a Financial Satement Audit, provides expanded operational guidance on the auditor's consideration of material fraud in conducting a financial statement audit. The new SAS, which supersedes SAS no.53, "The Auditor's Responsibility to Detect and Report Errors and Irregularities", is effective for audits of financial statements for periods ending on or after December 15, 1997. This article explains why the American Institute of CPAs issued the new standard and how it will change what auditors do. |
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