Auditors are responsible for identifying material misstatements on the financial statements. According to the auditing standards, which of the following would be considered fraud if material?

-	Clerical mistakes in the accounting data used to create the financial statements.

-	Mistakes in the application of accounting principles.

-	Misappropriation of an asset or group of assets.

-	Misinterpretations of facts that existed when the financial statements were prepared.