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What is the difference between fraud versus and error

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Reference no: EM132903098

Problem 1: What is the difference between fraud versus and error?

Problem 2: Let's discuss the importance of distinguishing the auditor's assessment of the risk of material misstatement due to fraud from the assessment of the risk of material misstatement due to error.

Problem 3: How should the auditor consider risks related to revenue recognition when assessing the risk of material misstatement due to fraud?

Problem 4: What types of inquiries should the auditor make when considering the risk of material misstatement due to fraud?

Reference no: EM132903098

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