Auditing and Assurance Standards and Guidance

Auditing Standards (Ireland)

FRC ISAs (UK and Ireland) applicable for periods beginning on or after 15 December 2010 but before 17 June 2016

ISA (UK and Ireland) 240 The auditor's responsibilities relating to fraud in an audit of financial statements

Requirements

Responses to the Assessed Risks of Material Misstatement Due to Fraud

Audit Procedures Responsive to Assessed Risks of Material Misstatement Due to Fraud at the Assertion Level

30.	In accordance with ISA (UK and Ireland) 330, the auditor shall design and perform further audit procedures whose nature, timing and extent are responsive to the assessed risks of material misstatement due to fraud at the assertion level.¹⁰ (Ref: Para. A37-A40)

¹⁰ ISA (UK and Ireland) 330, paragraph 6.

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