Anchor: 4.18 AICPA standards and GAGAS require auditors to assess the risk of material misstatements of financial statements due to fraud and should consider that assessment in designing the audit procedures to be performed.
Entailed: An assessment of risk as required by AICPA standards should be considered in designing audit procedures.
Contradiction: Auditors are free to ignore the risk of material misstatements due to fraud.
Contradiction: The man was playing basketball with his friends.
Contradiction: I heard the beep.
Contradiction: There was no campaign in the elementary schools.
Contradiction: A dog with a bird in its mouth.