Which of the following statements is correct
relating to the auditor’s consideration of
fraud?
a. The auditor’s interest in fraud
consideration relates to fraudulent
acts that cause a material
misstatement of financial
statements.
b. A primary factor that distinguishes fraud
from error is that fraud is always
intentional, while errors are generally,
but not always, intentional.
c. While an auditor should be aware of the
possibility of fraud, management, and
not the auditor, is responsible for
detecting fraud.
d. Fraud always involves a pressure or
incentive to commit fraud, and a
misappropriation of assets
relating to the auditor’s consideration of
fraud?
a. The auditor’s interest in fraud
consideration relates to fraudulent
acts that cause a material
misstatement of financial
statements.
b. A primary factor that distinguishes fraud
from error is that fraud is always
intentional, while errors are generally,
but not always, intentional.
c. While an auditor should be aware of the
possibility of fraud, management, and
not the auditor, is responsible for
detecting fraud.
d. Fraud always involves a pressure or
incentive to commit fraud, and a
misappropriation of assets