AICPA issues exposure draft for proposed SAS on fraud.

PositionAICPA News - American Institute of Certified Public Accountants; Statement on Auditing Standards - Brief Article

The AICPA is seeking comments on an exposure draft concerning a proposed Statement on Auditing Standards that establishes standards and provides guidance to auditors in fulfilling their responsibility as it relates to fraud in an audit of financial statements conducted in accordance with GAAS.

The proposed statement does not change the auditor's responsibility to plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement, whether caused by error...

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