1. Define fraud and explain the nine elements that common law breaks fraud down into.

2. Explain the differences between corruption, asset misappropriation and financial statement fraud.

3. Explain the conditions for fraud use the fraud triangle to help your explanation. Give an example for each fraud condition: opportunity, rationalization, and pressure.

4. Describe the auditors responsibility for finding and documenting fraud in a financial statement audit.

5. Explain the auditor response to fraud risk give an example for each the auditor response to each type of fraud risk.