The international auditing and assurance standards board (IAASB) of the International Federation of Accountants (IFAC) exposes two draft international standards of auditing: ISA 240, The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements, and ISA 300, Planning the Audit.

* The international auditing and assurance standards board (IAASB) of the International Federation of Accountants (IFAC) exposes two draft international standards of auditing: ISA 240, The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements, and ISA 300, Planning the Audit. ISA 240 outlines the responsibilities of all those involved in the financial reporting process and encourages auditors to increase their professional skepticism. ISA 300 includes basic principles and essential procedures related to the considerations and activities involved in planning a financial statement audit. Both EDs are available at www.ifac.org/eds. Comments on them are due November 15.