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19 Answer saved Marked out of 1.00 Flag question Internal auditing reviews a new acquisition and flags a few problems with operations. Eventually, a new
19 Answer saved Marked out of 1.00 Flag question Internal auditing reviews a new acquisition and flags a few problems with operations. Eventually, a new financial controller discovers the company is being defrauded a significant amount of money in the acquired operation. Senior executives blame internal auditing. Which of the following statements apply to fraud detection in this situation? I. Primary responsibility rests with management II. Internal auditing assumed primary responsibility in conducting the review. III. External auditors signed off on the accounts so they are at fault Select one: O a. II only b. I only o c. I and III o d. III only
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