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factors that must be present for management fraud to exis

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 16CYBK

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There are three factors that must be present for management fraud to exist. For each factor, there are several red flags that can help an auditor predict the likelihood of management fraud. Identify each of these three factors, list two red flags that might indicate an increased likelihood of fraud.

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Similar questions

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