Question: Are auditors responsible for searching for fraud while reviewing a public company's quarterly financial statements? Explain. If so, what specific fraud risk factors should the

Are auditors responsible for searching for fraud while "reviewing" a public company's quarterly financial statements? Explain. If so, what specific fraud risk factors should the Grant Thornton auditors have considered while performing their review of Bankrate's financial statements for the second quarter of 2012?

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According to ISA the management is primarily responsible for prevention and detection of fraud and error The auditors responsibility is limited due to inherent risk The revised ISA 240 gives guideline... View full answer

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