Single format · FV03-C4

Fraud discussion minute and fraud risk assessment

Three procedures are compulsory in every audit irrespective of your risk assessment, journal entry testing, review of estimates for bias, and evaluation of the business rationale of significant unusual transactions, and the fraud discussion must be minuted with names, date, duration and the specific risks the team identified, because a file without that minute fails at the first inspection question.

Length
2 pages
Blanks to fill
44
Files
Word and PDF
Law stated to
13 September 2026

What it covers

  1. 1Fraud discussion minute and fraud risk assessmentSA 24044 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Engagement team discussion on susceptibility to material misstatement due to fraud

[Client name] · Statutory audit for the year ended 31 March [Financial year-end: year (YYYY)]

Date and time

[DD Month YYYY], [HH:MM] to [HH:MM]

Venue / mode

[Firm office / client premises / video]

Chaired by

[Engagement partner], Partner

Present

[Name] — Manager; [Name] — Audit senior; [Name, Name] — Article assistants; [Name] — EQC reviewer (attended for item 4 only, where applicable)

Not present / briefed later

[Name, grade, date briefed, by whom]

10 more paragraphs and tables follow in the full format.

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