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If material misstatements because of fraud is detected during the audit, how will this be communicated to the shareholders? The auditor must send a letter
- If material misstatements because of fraud is detected during the audit, how will this be communicated to the shareholders?
- The auditor must send a letter to the shareholders informing them of the fraud.
- The auditor must speak at the annual general meeting and specifically inform them.
- The auditor must report it to the police and the police will notify the shareholders.
- Through the audit report as the opinion will be modified.
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