The Auditing Standards Board of the Authority resolves to adopt the updated International Standard on Auditing (240).
مجلس معايير المراجعة في الهيئة يقرر اعتماد المعيار الدولي للمراجعة (240) (المُحدث).
The Auditing Standards Board at the Saudi Organization for Chartered and Professional Accountants decided, on 25-11-1447 AH corresponding to 12-05-2026, to adopt the updated International Standard on Auditing (240), which addresses the auditor's responsibilities relating to fraud in an audit of financial statements. The update aims to clarify the auditor's responsibility for fraud, facilitate effective responses to identified risks of material misstatement due to fraud, improve the exercise of an appropriate level of professional skepticism, and enhance transparency regarding fraud-related procedures.
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