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.
Auditors are free to ignore the risk of material misstatements due to fraud.
mnli hypothesis: Auditors are free to ignore the risk of material misstatements due to fraud. premise: 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.