The auditor is responsible for actively considering fraud risks in order to obtain reasonable assurance that the financial statements are free of material fraud.
Correct Answer:
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Q26: When fraud risk is great in the
Q27: According to professional audit standards,the audit team
Q28: The audit team should develop its own
Q29: Once the fraud risk assessment is complete
Q30: Professional skepticism is required on audit engagements
Q32: When the risk of fraud is high
Q33: The auditor has a responsibility to design
Q34: Audit procedures to detect fraud are generally
Q35: Fraud detection procedures should only be performed
Q36: Auditing standards have historically reflected an expectation
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