What responsibility does an auditor have to uncover fraud perpetrated by client management?

What responsibility does an auditor have to uncover fraud perpetrated by client management? Discuss factors that mitigate this responsibility and factors that compound it. Relate this discussion to Arthur Young’s audits of Lincoln.

Ans.The auditor of a concern has the role of correcting the misstatements, providing a true andfair book of accounts and expresses an opinion on the same. It should establish theoccurrence of…