The audit team should develop its own idea about how fraud may be perpetrated and hidden by the client.
Correct Answer:
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Q10: The landmark Enron fraud in the early
Q21: Audit tests do not relate to fraud
Q23: Management rarely uses journal entries to commit
Q24: Types of fraud should be hypothesized by
Q27: Rules based accounting sometimes contributes to the
Q28: An ideal method of footing a large
Q29: Auditors are responsible to detect all illegal
Q32: When the risk of fraud is high
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