The AICPAs list of red flags alerting auditors to the possibility of management fraud includes a domineering
Question:
The AICPA’s list of red flags alerting auditors to the possibility of management fraud includes a “domineering management with a weak board of directors.” Briefly explain the role of the board of directors and how such a situation could indicate management fraud. Why are auditors concerned with management fraud?
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The board of directors serves various functions for a company One is to represent and ...View the full answer
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