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If material misstatements because of fraud is detected during the audit, how will this be...

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Accounting

  1. If material misstatements because of fraud is detected during the audit, how will this be communicated to the shareholders?
  1. The auditor must send a letter to the shareholders informing them of the fraud.
  2. The auditor must speak at the annual general meeting and specifically inform them.
  3. The auditor must report it to the police and the police will notify the shareholders.
  4. Through the audit report as the opinion will be modified.

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