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23) What is the main similarity between fraud and errors in financial statement reporting?

A) The level of management involved.

B) The auditors responsibility to identify them.

C) The materiality of the misstatement.

D) The type of transaction involved.

24) The most damaging type of fraud, per event, is

A) corruption.

B) misappropriation of assets.

C) fraudulent financial reporting.

D) grand theft.

25) The most common type of fraud, in frequency, is

A) corruption.

B) misappropriation of assets.

C) fraudulent financial reporting.

D) Fortnite fraud.