Adoption of PSA 240 on Fraud and Error in Audits

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PRC BOARD OF ACCOUNTANCY NO. 14, SERIES 2004: Adoption of PSA 240 on Fraud and Error in Audits

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Title Supreme Court: Adoption of PSA 240 on Fraud and Error in Audits

Law: Prc Board Of Accountancy No. 14, Series 2004

Decision Date: Feb 9, 2003

The PRC Board of Accountancy adopts Philippine Standards on Auditing (PSA) 240, outlining auditors' responsibilities to consider fraud and error in financial statement audits, effective 15 days post-publication.

auditing standards

fraud detection

financial statements

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