This Discussion Forum is meant to get your thoughts on external auditors and their responsibility for detecting fraud in financial statements. Two articles in the required reading present two different views on who should be held responsible for detecting fraud:

Auditors Responsibility for Detecting Fraud: Putting Ethics and Morality First Richard H. Kravitz THE CPA JOURNAL and Auditors Responsibility for Detecting Fraud: Applying Professional Judgment and Maintaining Integrity Vincent J. Love

Both articles are in the same PDF document. This assignment is to pick one side or the other and post a new thread on why you believe in that author's position. You could mention current standards, required expertise, projected time and expense of extra work, benefits of a fraud audit, and so on.