SAS 99 identifies two types of financial statement fraud: fraudulent financial reporting and misappropriation of assets.

Name: SAS 99 identifies two types of financial statement fraud: fraudulent financial reporting and misappropriation of assets.
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SAS 99, known as Statement on Auditing Standards No. 99, indeed identifies two types of financial statement fraud: fraudulent financial reporting and misappropriation of assets, focusing on the auditor's role in detecting fraud in financial statements.

SAS 99 Identifies Two Types of Financial Statement Fraud: Fraudulent