It has got three questions with audit report concept too.

Question 1: Fraud According to the ACFE, occupational fraud includes three main categories; fraudulent nancial reporting, misappropriation of assets and collusion. External auditors are particularly interested in fraudulent financial reporting and misappropriation of assets. Required: Provide a description of fraudulent nancial reporting and misappropriation of assets and include two examples of each. Question 2: Materialiy Outline the relationship between materiality and the phrase 'frue and fair view' in the auditor's report. Question 3: Audit Risk [1-2 gages] Audit Risk is made up of three components. The COVID 19 Pandemic has had a signicant impact on one of these components. Required: Identify which Audit Risk component has been impacted, describe what this component is and provide an analysis of this pandemic has impacted this component. The analysis should contain and describe at least 5 concepts which have an impact on Audit Risk