Question: Answer Part a, b,c,d in brief Professional standards outline the auditors consideration of material misstatements due to errors and fraud. (a) %at responsibility does an

Answer Part a, b,c,d in brief

Professional standards outline the auditors consideration of material misstatements due to errors and fraud. (a) \%at responsibility does an auditor have to detect material misstatements due to errors and fraud? (b)What two main categories of fraud affect financial reporting? (c)"What types offactors should auditors consider when assessing the likelihood of material misstatements due to fraud?(d)\%ich factors existed dur ing the 1997 through 2000 audits of Xerox that created an environment conducive for fraud?

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