Who Attends the Brainstorming Session?

the members of the engagement team should attend the meeting, and it is important that this is a private meeting of the engagement team and management should not be present at the meeting. What is the role of the two staff auditors in the brainstorming session?

What is the purpose of the audit team's brainstorming session?

The aim of the brainstorming session conducted by audit team is to interchange the ideas related to how and where the team thinks financial statements of client may be exposed to significant misstatement because of the fraud.

What is brainstorming in auditing?

Audit plans have to be designed to find fraud. Here's help for your team on fraud brainstorming: delving into the details, thinking like a fraudster and using the knowledge of the processes to increase awareness of where frauds may be hiding.