Which of the following statements is best describes the meaning of the existence of fraud risk factors or the lack of existence of such factors observed by the auditors during the planning phase of the audit? Multiple Choice The lack of existence of fraud risk factors indicates that the financial statements are not materially misstated. The lack of existence of fraud risk factors indicates that the auditors can decrease materiality levels at the financial statement level. The existence of fraud risk factors increases the risk of material misstatement due to fraud. The existence of fraud risk factors indicates that the financial statements are materially misstated.