Question
The auditors responsibility regarding material misstatements caused by fraud is_____. (1) less than the auditors responsibility regarding material misstatements caused by error. (2) Greater than
The auditor’s responsibility regarding material misstatements caused by fraud is_____.
(1) less than the auditor’s responsibility regarding material misstatements caused by error.
(2) Greater than the auditor’s responsibility regarding material misstatements caused by error.
(3) The same as the auditor’s responsibility regarding material misstatements caused by error.
(4) Either less than or greater than the auditor’s responsibility regarding material misstatements caused by error, depending on the circumstances.
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