UK: the auditor's responsibilities relating to fraud in the audit of financial statements - updated standard

The Financial Reporting Council has today published an updated edition of ISA (240) - The Auditor's responsibilities Relating to Fraud in an Audit of Financial Statements: see here (pdf). The updated standard, which seeks to bring greater clarity regarding the auditor's obligations, is effective for audits of periods beginning on or after 15 December 2021.