Auditing standards require that the engagement team members engage in discussion about the susceptibility of the financial statements to the risk of fraud How does this discussion relate to the required discussion about the risk of material misstatement ...

Auditing standards explicitly require that discussion among engagement team members c ...

Auditing standards require that the engagement team members engage in discussion about the susceptibility of the financial

Question:

Auditing standards require that the engagement team members engage in discussion about the susceptibility of the to the risk of fraud. How does this discussion relate to the required discussion about the risk of material misstatement?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...