One of the main requirements under GAAS relating to fraud in a financial statement audit is that auditors obtain evidence about the intent of the persons responsible for the fraud.

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While auditors are required to obtain an understanding of the company's controls to detect and prevent fraud, they do not have to specifically obtain evidence about the intent of those responsible for the fraud. The detection of fraud is typically based on identifying red flags that may indicate fraudulent activity.

One of the Main Requirements Under GAAS Relating to Fraud