What are the five major areas that COSO identified that are most open to financial statement fraud?

1.What are the five major areas that COSO identified that are most open to financial statement fraud? What challenges apply in attempting to combat each of these types of fraud? Create audit steps that would detect the specific type of fraud identified. 2.Contrast the effect of financial statement fraud on the following:a.The stockholder.b.The corporation.c.The corporation’s executives/directors.d.The market as a whole.e.Society in general.3.What are some ways that identities can be stolen?4.What are some crimes often associated with bankruptcy fraud?Please write the citations wherever necessary.