Philippine Standards on Auditing require
auditors to assess the risk of material
misstatements due to fraud
a. For first-time audits.
b. Sufficient to find any frauds which may
exist.
c. For every audit.
d. Whenever it would be appropriate
auditors to assess the risk of material
misstatements due to fraud
a. For first-time audits.
b. Sufficient to find any frauds which may
exist.
c. For every audit.
d. Whenever it would be appropriate