Title: SAS 99 – consideration of fraud in a financial statement audit: a new auditing standard

Authors: Kathy H.Y. Hsu, Zhiwei Zhu

Addresses: Department of Accounting, The University of Louisiana at Lafayette, Lafayette, LA 70504, USA ' Department of BSAT, The University of Louisiana at Lafayette, Lafayette, LA 70504, USA

Abstract: This study provides an overview of the new Auditing Standards No. 99, |Consideration of Fraud in a Financial Statement Audit|, discusses how the accounting industry is expected to adhere to the standard, and provides general guidance of the responsibilities and anti-fraud activities that are expected of the management in this new standard.

Keywords: services; auditing standards; accounting; fraud; financial statement audit; anti-fraud activities; SAS 99.

DOI: 10.1504/IJSS.2005.007469

International Journal of Services and Standards, 2005 Vol.1 No.4, pp.414 - 425

Published online: 22 Jul 2005 *

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