When planning and implementing the audit procedures, as well as when evaluating the results and reporting them, the auditor must assess the risk of material misstatement in the financial statement. The main reason for material misstatement in the financial statements is the error or deception (fraud), the fundamental difference between them being deliberation. The fraud or deception may occur in case of an incentive or pressure, but the auditor's ability to detect them depends on various factors (frequency, scale and value of manipulation, the degree of collusion, level of the entity's management who takes part in the fraud, or agility of the intruder). This article presents one of the methods, which can allow assessing the risk of material misstatement in the financial statement as a result of the fraud