Information and idea exchange sessions by the audit team are required by SAS No. 99.

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SAS No. 99 (Statement on Auditing Standards No. 99) requires auditors to hold information and idea exchange sessions among audit team members to share insights concerning fraud risk factors and assessments during the planning and execution of the audit. These sessions help improve the quality and effectiveness of the audit and enhance the auditors' ability to identify and respond to fraud risks.

Information and Idea Exchange Sessions by the Audit Team Are