Discuss the terms "error" and "fraud." What is the difference between the two? What is the auditor's responsibility for finding each?© BrainMass Inc. brainmass.com October 2, 2020, 5:50 am ad1c9bdddf
Below are the answers to your questions on error versus fraud in Accounting. I hope this helps you in your studies.
Please rate my answer a 5. If you need more information related to this specific question, please leave me a comment with your 5 rating stating specifically what you need and I will post the additional information you request at no extra cost.
If you like my work, please feel free to request (SELECT) me for future assignments as follows:
From the Edit Posting page you will be able to expand the "advanced options" and SELECT my OTA number from the list. Just make sure that you remember to confirm your posting after saving your changes!
OTA # ...
This solution provides a discussion of the terms "error" and "fraud" , the difference between the two and the auditor's responsibility for finding each. References used are included.