What steps should an auditor perform to identify the risk of material misstatements due to fraud

The auditor performs the following steps to identify the risks of material misstatement due to fraud:

• Discussion among the audit team members regarding the risks of material misstatement due to fraud.
•  Inquire of management, audit committee, and others about their views on the risks of fraud and how it is addressed.
•  Consider any unusual or unexpected relationships that have been identified in performing analytical procedures in planning the audit.
•  Understand the client's period-end closing process and investigate unexpected period-end adjustments.
• Identification and assessment of fraud risk factors.