...82. Consideration of Fraud in a Financial Statement Audit. The new SAS does not change the auditor's responsibility to plan and perform the audit to obtain...material misstatement, whether caused by error or fraud. However, SAS 99 does establish specific new performance requirements and provides guidance to auditors...

...attempt to misstate the financial statements. Although an audit is not designed to determine intent, the auditor has a responsibility to plan and perform...statements are free of material misstatement, whether the misstatement is intentional or not.15 REASONABLE ASSURANCE Why is it that auditors cannot provide...

...standards require that the auditor obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement, whether caused by error or by fraud. Accordingly, a material misstatement might remain undetected. An audit is not designed to...

...FINANCIAL STATEMENT AUDIT SAS-1 (AU 110) (Codification of Auditing Standards and Procedures) provides that "The auditor has a responsibility to plan and perform...material misstatement, whether caused by error or fraud." The AICPA's Auditing Standards Board issued SAS-99 (AU 316) (Consideration of Fraud in a Financial...

...statement audit, the auditor has a responsibility to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or by fraud. The primary factor that differentiates fraud from error is whether the underlying action...

...material misstatement in financial statements that are the subject of an audit. The auditor is responsible to plan and perform the audit to obtain reasonable...material misstatement, whether caused by error or fraud. The primary factor that differentiates fraud from error is whether the underlying action that results...

...required to plan and perform a compilation engagement to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud, nor is an accountant required to gain an understanding of an entity's internal control when conducting...

...program to extract specified information in support of a nonroutine management decision. FRAUD RISKS . 18 The auditor has a responsibility to plan and perform...material misstatement, whether caused by error or fraud. Accordingly, the auditor is concerned with the risk of material misstatement due to fraud (fraud risk)....

...for the auditors to comply with the objectives of Titte III. The statement refers to the auditor's responsibility to "plan and perform the audit to obtain...material misstatement, whether caused by error or fraud". We art then informed that SAS 82 is intended to "provide guidance to auditors in fulfilling that responsibility,...

...responsible for planning and conducting the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.4 The auditor is charged generally with conducting the audit in accordance with generally accepted...