How must an auditor address fraud in the planning stage?
a. The auditor must test for fraud in the planning stage by sampling accounts.
b. The auditor must consider the likelihood of fraud existing in the company in the planning stage.
c. The auditor must realize that most people are honest and not automatically assume that fraud exists when planning the audit.
d. The auditor must not be aggressive in its initial approach to fraud as trust may be lost by the client.
b
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