Which of the following statements reflects
an auditor's responsibility for detecting fraud
and error?
a. An auditor is responsible for detecting
employee errors and simple fraud, but
not for discovering fraud involving
employee collusion or management
override
An auditor should design the audit
to provide reasonable assurance of
detecting errors and fraud that are
material to the financial statements.
c. An auditor should plan the audit to detect
errors and fraud that are caused by
departures from the applicable FRF.
d. An auditor is not responsible for
detecting errors and fraud unless the
application of PSAs and PAPs would result
in such detection
an auditor's responsibility for detecting fraud
and error?
a. An auditor is responsible for detecting
employee errors and simple fraud, but
not for discovering fraud involving
employee collusion or management
override
An auditor should design the audit
to provide reasonable assurance of
detecting errors and fraud that are
material to the financial statements.
c. An auditor should plan the audit to detect
errors and fraud that are caused by
departures from the applicable FRF.
d. An auditor is not responsible for
detecting errors and fraud unless the
application of PSAs and PAPs would result
in such detection