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1. Chapter 3 discusses audit failure what is audit failure? 2. Sarbanes-Oxley requires management to sign a statement that is included in their 10-K filings

1. Chapter 3 discusses audit failure what is audit failure? 2. Sarbanes-Oxley requires management to sign a statement that is included in their 10-K filings accepting responsibility for the financial statements and certifying that they are properly prepared. Why is management requirement to provide this statement with their 10-K filings? 3. What is the purpose of an audit of a companys financial statements?

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