SAS 82, Consideration of Fraud in a Financial Statement Audit, states that the auditor's interest specifically relates to fraudulent acts that cause material misstatements in financial statements.

Question

Quizplus · Accepted Answer

SAS 82 emphasizes that the auditor's primary concern is with fraudulent acts that could lead to material misstatements in the financial statements, as these directly impact the reliability of the financial statements and the auditor's ability to give an opinion on them.