A. In conducting the audit so as to achieve its objective, the overall objective of the independent auditor is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to report on the financial statements in accordance with the auditor's findings. REQUIRED: (a) Distinguish between management's responsibility and the auditor's responsibility for the audit of financial statement. (3 Marks) (b ) State THREE (3) cautionary actions an auditor should take when there is a significant risk of management fraud. (3 Marks) (c) Distinguish the implication of fraudulent financial reporting and misappropriation of assets to the users of financial statement. (4 Marks)