ACPEN: Failure to Detect Fraud and the Reasons Why
2026-11-06 15:00 - 17:00 UTC
SAS 122, AU 240, Consideration of Fraud in A Financial Audit state that auditors fail to detect fraud for two reasons. One, they haven’t been trained to look for it and two, they don’t know what it looks like. I would like to add a third reason: they don’t want to find fraud because it causes problems for the audit
