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1. Briefly describe the principal agent relationship and how it is used to explain the development of auditing. 2. Briefly describe the two sides of

1. Briefly describe the principal agent relationship and how it is used to explain the development of auditing.

2. Briefly describe the two sides of the enterprise governance framework.

3. What is a forensic audit, and (briefly) what would the auditor be looking for? When might it be used? What would an audit involving the electronic environment feature?

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