2. Identify the fraud risk factors present within the control system at Roslyn. What common auditing procedures might have targeted the potential opportunities for a cash fraud? SAS 99 (now AU-C 240) became effective for audits of financial statements for periods beginning on or after December 15, 2002. How might these risks have been anticipated and documented by MLP following the adoption of SAS 99? Do you believe the Roslyn fraud is evidence of an auditing standards policy failure, an independent auditing failure, neither, or both