© D.L. Crumbley
SAS No. 99: Brainstorming
Aims to make the auditor’s consideration of fraud seamlessly blended into the audit process and continually updated until the audit’s completion.
Brainstorming is now a required procedure to generate ideas about how fraud might be committed and concealed in the entity.
No ideas or questions are dumb.
No one owns ideas.
There is no hierarchy.
Excessive note-taking is not allowed.
Source: Michael Ramos, “Auditors’ Responsibility for Fraud Detection,” J. of Accountancy, January, 2003, pp. 28 – 36.