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1. Special Purpose Entity (SPC) techniques can be used to commit fraud and conduct off-balance sheet financing. Discuss how companies use this technique and explain
1. Special Purpose Entity (SPC) techniques can be used to commit fraud and conduct off-balance sheet financing. Discuss how companies use this technique and explain the journal entries made by the two relevant companies involved in SPE 2. Explain the differences between an audit and a fraud examination Support your answer with an example for each. 3. Explain the four legal elements of fraud. Support your answer with an example for each
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