Suppose you are auditing the financial statements of a large publicly traded firm when you discover some
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Suppose you are auditing the financial statements of a large publicly traded firm when you discover some material misstatements that result from error.
a. Discuss the most likely scenario that would unfold when you brought these misstatements to the attention of management.
b. How would that scenario likely differ if the misstatements resulted from fraud?
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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