auditing

State whether the following are true or false in relation to the auditor and fraud:

It is the auditors responsibility to follow up possible indicators of fraud uncovered during the course of their audit testing work even if they are not material.

External auditors must approach their audit testing with an attitude of professional skepticism.

Management can rely on auditors to detect fraud as this is one of the auditors duties under ISA 240 The auditors responsibilities relating to fraud in an audit of financial statements.

Auditors must consider the effect any fraud which has been uncovered might have on their audit opinion.