fraud & errror

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    sabdulai
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    What are functions of an external auditor with regards to detecting of fraud and error.


    Avatar of gromit
    gromit
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    External auditors aim only at giving reasonable assurance that the financial statements are free from material misstatements. Therefore, they should have a good chance of detecting material frauds and error, but they have no responsibility to find every immaterial fraud or error.

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