Which statement is true with respect to discussion among engagement personnel regarding the risk of material misstatement due to fraud?
A) Discussion among engagement personnel regarding the risk of material misstatement due to fraud is recommended but not required.
B) All key members of the audit team should be brought to a single location to facilitate communication.
C) The discussion should occur only during the planning stage of the audit.
D) Audit documentation must include a description of the discussion.
Correct Answer:
Verified
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