Fraud Risk Brainstorm

Facilitate and document the **AU-C 240** engagement-team fraud discussion (and its IAASB counterpart **ISA 240 (Revised 2024)**, which takes a "fraud lens" approach effective for periods beginning on or after December 15, 2026). Produces a structured brainstorm record that a partner can sign: identified fraud risks by fraud type (fraudulent financial reporting vs. misappropriation of assets), the assertions and accounts affected, the fraud-triangle factors observed (incentive/pressure, opportunity, rationalization), the specific management-override concerns required by AU-C 240.32, and the planned audit response — including the mandatory journal-entry testing, retrospective review of accounting estimates, and review of significant unusual transactions. Companion deliverable to **Audit Planning Memo** and inputs directly into the AU-C 315 risk assessment. Designed for GAAS engagements; adaptable to PCAOB AS 2401, ISA 240, and Yellow Book.