The auditors duties in connection with fraud detection and prevention have always been a controversial area that has been widely discussed among regulators, prepares and users.

Required:

Comment on the role of auditors in this area based on ISA 240. Justify whether the duties of auditors in this area should be expanded as compared to the current requirements of the auditing standards..

Your write up should be around 3,500 4,000 words. too many words. Appreciate it if you can write to me.