________ is defined as the intentional misrepresentation or omission of a material fact that is relied on by the client and causes the client damage.
A)An unqualified opinion
B)Actual fraud
C)A disclaimer of opinion
D)Constructive fraud

Question

Quizplus · Accepted Answer

Actual fraud is defined as the intentional misrepresentation or omission of a material fact that is relied on by the client and causes the client damage. This is different from constructive fraud, which refers to a breach of duty or negligence that results in harm to the client, even if there was no intent to deceive. An unqualified opinion and a disclaimer of opinion refer to the auditor's report on the financial statements and do not relate to fraud.

________ Is Defined as the Intentional Misrepresentation or Omission of a Material