We can work on Background According to ISA/ASA 240 The auditor’s responsibilities relating to fraud in an audit of financial statements (https://www.auasb.gov.au/admin/file/content102/c3/ASA_240_Compiled_2015.pdf): ‘When identifying and assessing the risks of material misstatement due to fraud, the auditor shall, based on a presumption that there are risks of fraud in revenue

BackgroundAccording to ISA/ASA 240 The auditor’s responsibilities relating to fraud in an audit of financial statements (https://www.auasb.gov.au/admin/file/content102/c3/ASA_240_Compiled_2015.pdf):‘When identifying and assessing the risks of material misstatement due to fraud, the auditor shall, based on a presumption that there are risks of fraud in revenue recognition, evaluate which types of revenue, revenue transactions or assertions give riseRead more about We can work on Background According to ISA/ASA 240 The auditor’s responsibilities relating to fraud in an audit of financial statements (https://www.auasb.gov.au/admin/file/content102/c3/ASA_240_Compiled_2015.pdf): ‘When identifying and assessing the risks of material misstatement due to fraud, the auditor shall, based on a presumption that there are risks of fraud in revenue[…]