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    Question

    Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?

    A SA 200 Correct Answer Incorrect Answer
    B SA 220 Correct Answer Incorrect Answer
    C SA 240 Correct Answer Incorrect Answer
    D SA 260 Correct Answer Incorrect Answer

    Solution

    A 240, "The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements," is an auditing standard issued by the Institute of Chartered Accountants of India (ICAI) that outlines the responsibilities of auditors in detecting and responding to fraud in the context of auditing financial statements.

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