Multiple Choice
With respect to fraud and error, which of the following should be part of an auditor's planning of the audit engagement?
A) Plan to search for fraud or errors that would have a material or immaterial effect on the financial report.
B) Plan to search for fraud or errors that would have a material effect on the financial report.
C) Plan to discover fraud or errors that are material.
D) Plan to discover fraud or errors that are either material or immaterial.
Correct Answer:
Verified
Correct Answer:
Verified
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