f the auditor believes that a misstatement is or might be intentional and the effect on the financial statements could be material or cannot be readily determined, the auditor should do which of the following?     Inquire of management as to the possibility of fraud     Discuss with the audit committee what shoud be done to prevent possible future misstatements.     Perform procedures to obtain additional evidence to determine whether fraud has occurred  or is likely to have occured.     None of the answers presented

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A:

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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.