SAS No. 151, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, supersedes section 240, Consideration of Fraud in a Financial Statement Audit, of SAS No. 122, Statements on Auditing Standards: Clarification and Recodification, as amended, and makes conforming amendments to various other SASs.
The changes resulting from SAS No. 151 are intended to
clarify and enhance the auditor’s responsibilities relating to fraud or suspected fraud in a financial statement audit.
provide the auditor with a fraud