Why Is Fraud Detection an Important Part of the Audit

Multiple Choice

Why is fraud detection an important part of the audit?

A) Auditors are required to seek out and find all fraud,regardless of its magnitude.
B) Auditors expect that management will make them aware of any fraud in the financial statements.
C) Society expects that financial statements have not been materially misstated due to fraud.
D) Society realizes that some fraud was not intended to be discovered by auditors.