The responsibility of auditors for detecting fraud has increased as users have made it clear that they expect auditors to detect material fraud.

Required
a. In addition to dollar amounts, what other factors should an auditor consider in determining materiality for planning an engagement to detect fraud? How would these other factors affect the planning for the audit?
b. What are the key procedures the auditor should use in planning the audit to detect fraud?
c. Explain how the auditor should use analytical procedures and knowledge of internal control deficiencies to “brainstorm” and plan the audit to detect fraud.