EBK AUDITING: A RISK BASED-APPROACH
EBK AUDITING: A RISK BASED-APPROACH
11th Edition
ISBN: 9781337670203
Author: RITTENBERG
Publisher: YUZU
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Chapter 2, Problem 3CYBK
To determine

Introduction:Fraud refers to an intended attempt to misrepresent financial statement of an entity in order to attain some personal gain or advantage; whereas, the error is an unintended mistake which occurred unknowingly, which results in financial statements to be materially misstated.

To identify: The option that states the primary difference between fraud and error in financial statement reporting.

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