Explain the risk of material misstatement due to fraud, Accounting Basics

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Explain the risk of material misstatement due to fraud

As an auditor, what areas would be of interest to you if you discovered during the planning stages of the audit that management and employee bonuses were directly tied to the profitability of the company? What are the two risks that an auditor should consider in every audit that is performed related to the risk of material misstatement due to fraud?

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Accounting Basics: Explain the risk of material misstatement due to fraud

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