Auditing Fraud & Going Concern in Challenging Times - A Guide for Directors & Auditors

Introduction

Fraud can often remain undetected, and the pressures of sustaining a going concern in today’s challenging economic climate are significant.

The responsibilities of identifying fraud risks and assessing going concern extend beyond auditors - they are also critical duties for company directors and senior executives. In periods of financial uncertainty, the likelihood of fraudulent activity within businesses and their related parties increases, making vigilance essential.

This new virtual classroom seminar is designed to provide valuable insight and practical guidance for auditors, owners, directors, managers, staff, suppliers and customers, equipping them with the knowledge to better detect fraud and understand the implications of going concern assessments.

This session will also consider the implications of the Financial Reporting Council’s April 2026 revisions to ISA (UK) 240 and ISA (UK) 570 relating to fraud responsibilities and going concern assessments.

What You Will Learn

This live and interactive session will cover the following:

• Fraud - the why, the who and the how
• What auditing standards require to understand, assess and respond to fraud risks, including recent revisions to ISA (UK) 240
• What standards require regarding disclosures and auditing of related parties and transactions
• How fraud may be detected
• Audit requirements regarding assessing going concern, including developments in ISA (UK) 570
• Disclosing and reporting going concern issues
• Recent developments and implications arising from the FRC’s revised ISA (UK) 240 and ISA (UK) 570 on fraud and going concern

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.