If the auditor identifies a risk of material misstatement due to fraud related to debt or stockholders' equity accounts,the auditor needs to determine the appropriate responses,potentially including changing the nature,timing,and extent of audit procedures.

Question

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If the auditor identifies a risk of material misstatement due to fraud related to debt or stockholders' equity accounts, they need to determine the appropriate responses which may include changing the nature, timing, and extent of audit procedures. This is in line with the requirements of auditing standards.

If the Auditor Identifies a Risk of Material Misstatement Due