Which of the following statements about fraud is not true?
A) Fraud is defined in generally accepted auditing standards as any act that results in a material misstatement in financial statements that are the subject of an audit.
B) Auditors are concerned about two types of misstatements that are relevant to the auditor's consideration of fraud.
C) The types of fraud that are the least frequent are also the most expensive.
D) The fraud triangle includes opportunity, incentives, pressures, attitudes and rationalization.
E) Auditors should conduct discussions about management overrides of internal controls with employees having varying levels of authority including personnel not directly involved in the financial reporting process

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The Answer of Which of the following statements about fraud is not true?
A) Fraud is defined in generally accepted auditing standards as any act that results in a material misstatement in financial statements that are the subject of an audit.
B) Auditors are concerned about two types of misstatements that are relevant to the auditor's consideration of fraud.
C) The types of fraud that are the least frequent are also the most expensive.
D) The fraud triangle includes opportunity, incentives, pressures, attitudes and rationalization.
E) Auditors should conduct discussions about management overrides of internal controls with employees having varying levels of authority including personnel not directly involved in the financial reporting process

Which of the Following Statements About Fraud Is Not True