ISA 240 requires auditors to effectively educate the staff about the risk of fraud within the audited organization.

ISA 240 establishes auditors as being primarily responsible for implementing anti-fraud internal controls within an organization.

ISA 240 provides guidance regarding the auditor's responsibility to consider fraud in an audit of financial statements.

ISA 240 creates requirements for the board of directors regarding the establishment of a holistic fraud risk management program.