Can you explain the key distinguishing factor between fraud and error under ISA 240?

The key distinguishing factor between fraud and error is whether the underlying action that results in a misstatement of the financial statements is intentional or unintentional. The auditor is concerned with fraud that causes a material misstatement  in the financial statements..ISA 240 defines fraud as an intentional act by one or more individuals among management,those charged with governance, employees or third parties, involving the use of deception to obtain an unjust or illegal advantages. The two types of fraud most relevant to the auditor , according  to ISA240 are misstatements arising from fraudulent financial reporting and misstatements arising from misappropriation of assets. The term error refers to an unintentional misstatement  in financial statements, including the omissions of an amount or a disclosure.ISA240(redrafted)