Socpa Saudi Practice Test & Exam Prep

What is the auditor's responsibility regarding fraud detection?

Auditors are not responsible for detecting any fraud Auditors must plan and perform the audit to obtain reasonable assurance of detecting material fraud, and report identified fraud to management/those charged with governance Auditors must detect all fraud Only internal auditors handle fraud

Correct Answer:

Auditors must plan and perform the audit to obtain reasonable assurance of detecting material fraud, and report identified fraud to management/those charged with governance

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