At the end of the audit, the auditor reconsiders their assessment of internal control and fraud risk. To perform this evaluation, auditors must consider the involvement of those charged with governance. consider management's opinion on the significance of the qualitative factors involved. use professional judgement. use professional scepticism.

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.