The revisions align with ISA 570 (Revised 2024), Going Concern, as fraud and financial distress can often be interrelated risks that should be addressed together to strengthen corporate transparency and resilience. ISA 240 (Revised) takes effect for audits of financial statements for periods starting on or after Dec. 15, 2026. To support implementation, the IAASB has published a fact sheet and Basis for Conclusions that are available on its website. The IAASB plans a video series in the weeks ahead. The IAASB is encouraging jurisdictions to consider early adoption of ISA 240 (Revised), ISA 570 (Revised 2024), and the upcoming narrow-scope amendments for publicly traded entities as a cohesive package to provide a stronger, more coordinated response to the risks of fraud and financial distress.