According to professional audit standards,the audit team should assemble early in the planning stages of an audit to conduct a fraud "brainstorming" meeting in order to determine the types of fraud that may occur with the client.

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According to professional audit standards, it is true that the audit team should assemble early in the planning stages of an audit to conduct a fraud "brainstorming" meeting in order to determine the types of fraud that may occur with the client. This is in line with the responsibility of auditors to obtain an understanding of the client's business and assess the risks of material misstatement due to fraud or error. As part of this process, the auditor needs to consider the potential for fraud and to plan the audit procedures accordingly. The brainstorming meeting provides an opportunity for the audit team to share their knowledge and experience and to identify areas of the audit that may be susceptible to fraud. This helps the audit team to tailor their approach to the specific circumstances of the audit and to design procedures that are responsive to the assessed risks of fraud.

According to Professional Audit Standards,the Audit Team Should Assemble Early