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If an external auditor in the process of considering the company’s financial statements came across an incident of fraud that took place in the year, he/she must
a- qualify the accounts regardless of the size of the fraud
b- report to the shareholders by the way of a note to the accounts, regardless of the size of the fraud
c- qualify the accounts only if the fraud is material and not properly recorded in the accounts
d- report to the shareholders by a note to accounts, but only if fraud is materialwhy is the correct ans C? why would the auditor qualify the accounts if there is a fraud?
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