Question 1: In 2002 the AICPA issued Statement on Auditing Standards (SAS) 99: Consideration of Fraud in a Financial Statement Audit.For this activity, you must choose to answer TWO of the following four questions. Question 1 What is the Audit Committee’s role in detecting fraud in financial reporting? Question 2 What is the Management’s role in detecting fraud in financial reporting?Question 3 Name at least four characteristics of an occupational fraudster. Explain each characteristic.Question 4 Name at least four fraud schemes and explain each one.

Question 1: In 2002 the AICPA issued Statement on Auditing Standards (SAS) 99:Consideration of Fraud in a Financial Statement Audit.For this activity, you must choose to answer TWO of the…