Some managers commit undetected fraud in producing financial statements. Presumably, if the auditors were really diligent and
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Some managers commit undetected fraud in producing financial statements. Presumably, if the auditors were really diligent and the penalties for fraud were high enough, there would be no fraud. Does this mean that the accounting firms are not doing a good enough job in auditing? Explain.
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If auditors detected all fraud it is unlikely that any fraud w...View the full answer
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Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
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