The Auditor shall evaluate whether the information gathered from risk assessment procedures indicates that one or more fraud risk factor are present and it should be taken into account in identifying and assessing fraud risks. Fraud risk factors does not necessarily indicate the existence of fraud, however it normally present. Fraud risk factors are events or conditions that indicates The auditor might conclude that a fraud risk exists even when only one of these three conditions is present. 1. Presumption of Fraud Risk Involving Improper Revenue Recognition- The auditor should presume that there is a fraud risk involving improper revenue recognition and evaluate which types of revenue, revenue transactions, or assertions may give rise to such risks. 2. Consideration of the Risk of Omitted, Incomplete, or Inaccurate Disclosures- The auditor\'s evaluation of fraud risk factors in accordance with paragraph 65 should include evaluation of how fraud could be perpetrated or concealed by presenting incomplete or inaccurate disclosures or by omitting disclosures that are necessary for the financial statements to be presented fairly in conformity with the applicable financial reporting framework. 3. Consideration of the Risk of Management Override of Controls-. The auditor\'s identification of fraud risks should include the risk of management override of controls. Solution The Auditor shall evaluate whether the information gathered from risk assessment procedures indicates that one or more fraud risk factor are present and it should be taken into account in identifying and assessing fraud risks. Fraud risk factors does not necessarily indicate the existence of fraud, however it normally present. Fraud risk factors are events or conditions that indicates The auditor might conclude that a fraud risk exists even when only one of these three conditions is present. 1. Presumption of Fraud Risk Involving Improper Revenue Recognition- The auditor should presume that there is a fraud risk involving improper revenue recognition and evaluate which types of revenue, revenue transactions, or assertions may give rise to such risks. 2. Consideration of the Risk of Omitted, Incomplete, or Inaccurate Disclosures- The auditor\'s evaluation of fraud risk factors in accordance with paragraph 65 should include evaluation of how fraud could be perpetrated or concealed by presenting incomplete or inaccurate disclosures or by omitting disclosures that are necessary for the financial statements to be presented fairly in conformity with the applicable financial reporting framework. 3. Consideration of the Risk of Management Override of Controls-. The auditor\'s identification of fraud risks should include the risk of management override of controls..