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Following the Brydon review of audit, and recent and forthcoming revisions to auditing standards on fraud, including ISA (UK) 240, there are key changes regarding auditor responsibility and scepticism, risk assessment, responses to risk and evaluation of evidence, and communication to management.

The role of the auditor in the detection of fraud has been under the spotlight for some time, for a variety of reasons. In the UK, this has led to a recently revised auditing standard and additional changes proposed in the government White Paper on Restoring Trust in Audit and Corporate Governance. Changes are also on the way internationally.

This article will consider where we are, how we got here and where we are heading; how auditors are affected; and offer pointers to some useful information and practical support resources.

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