When the risk of fraud is high in financial statements,the auditor should assign less experienced auditors to the engagement.

Question

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When the risk of fraud is high, the auditor should assign more experienced auditors to the engagement who have a greater understanding of the intricacies and complexities of fraud detection and prevention. Assigning less experienced auditors may increase the likelihood of missing significant indicators of fraud or misstatements in the financial statements.

When the Risk of Fraud Is High in Financial Statements,the