> The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material miss

> The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud.1 Because of the nature of audit evidence and the characteristics of fraud, the auditor is able to obtain reasonable, but not absolute, assurance that material misstatements are detected.2 https://pcaobus.org/oversight/standards/auditing-standards/details/AS1001 https://pcaobus.org/oversight/standards/auditing-standards/d...