Describe professional guidance, professional responsibilities and resources. (https://www.aicpa.org/research/standards/auditattest/clarifiedsas.html)

AU-C Sec. 240 is effective for audits of private companies' financial statements beginning on or after what date? In what section (paragraph) can I find the three conditions or characteristics of fraud that are generally present when fraud occurs (i.e. the fraud risk triangle)? List and describe (define) the three conditions that make up the fraud risk triangle (use quoted material from the standard). Cite the material using (AU-C 240.XX) based on the paragraph of the standard in which the material is found.

Describe two factors for each of the three fraud risk conditions you found in #3 (hint: see the appendix). Quote and cite the standard