Current Developments in ISA 240 Independent Auditor's Liabilities on Fraud: IAASB Project on Narrowing the Expectation Gap

Basit Öğe Kaydı
dc.contributor.authorSarısoy, Özkan
dc.contributor.authorPali, Çağla Demir
dc.date.accessioned2024-10-29T17:50:26Z
dc.date.available2024-10-29T17:50:26Z
dc.date.issued2023
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.description.abstractAuditing standards that guide the auditing profession change and develop in line with the changes in the business world. In addition, various institutions conduct research and studies in this field. In 2020, the IAASB initiated a project to amend ISA 240, The Responsibilities Relating to Fraud in an Audit of Financial Statements. The reasons for the expectation gap regarding Fraud and going concerns and the possible solutions are investigated within this project's scope. In this study, the responses to the discussion paper published by the IAASB were examined. According to the results, the most important reasons for the expectation gap are that the public and the members of the financial reporting ecosystem, in general, do not have enough information about the audit, the auditors are not qualified enough, the audit is misevaluated, and parties in the ecosystem have unrealistic expectations. Among the most notable suggestions to narrow the gap are educating the members of the financial reporting ecosystem and the public, updating standards, preparing guides, and using technology/data analytics methods in auditing. In addition, the importance of clarifying key concepts such as materiality, reasonable assurance, auditing, Fraud, and professional skepticism is emphasized to narrow the expectation gap.
dc.identifier.doi10.25095/mufad.1246110
dc.identifier.endpage170
dc.identifier.issn2146-3042
dc.identifier.issue99en_US
dc.identifier.startpage149
dc.identifier.trdizinid1189539
dc.identifier.urihttps://doi.org/10.25095/mufad.1246110
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1189539
dc.identifier.urihttps://hdl.handle.net/20.500.11776/12991
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofMuhasebe ve Finansman Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titleCurrent Developments in ISA 240 Independent Auditor's Liabilities on Fraud: IAASB Project on Narrowing the Expectation Gap
dc.typeArticle

Dosyalar

Koleksiyon

TR-Dizin İndeksli Yayınlar Koleksiyonu