[Solved] 2. Discuss how auditors can identify symptoms of fraud existence, what are the most appropriate detection techniques of t

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[Solved] 2. Discuss how auditors can identify symptoms of fraud existence, what are the most appropriate detection techniques of their assessment process and in which situations they may have difficulty in detecting fraud activities

Auditing

1. Briefly discuss the concept of financial statements fraud, and the auditors legal and professional responsibility 

2. Discuss how auditors can identify symptoms of fraud existence, what are the most appropriate detection techniques of their 

    assessment process and in which situations they may have difficulty in detecting fraud activities 

3. Evaluate the responsibility of, and actions by auditors when they detect fraud ( two options-fraud or no fraud)

4. Critically evaluate the fraud impact on auditing financial statements