The Auditing and Assurance Standards Board (AASB) established the Fraud Advisory Group in 2022 to provide advice on the AASB project to consider revisions to CAS 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, or other actions, such as non-authoritative guidance.
The role and responsibilities of the Advisory Group include the following:
The Advisory Group meets privately via conference call approximately five times a year.
The results of Advisory Group meetings serve as the basis for agenda papers presented to the AASB when the fraud project is on its meeting agenda.
Keep up to date on this project via the Fraud project page.