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2. What best describes the 'agency problem' that results in a demand for audits? A. Shareholders act in their own interest and not in the

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2. What best describes the 'agency problem' that results in a demand for audits? A. Shareholders act in their own interest and not in the interests of the company. B. Banks have different information expectations to shareholders. C. Managers act rst in the interests of shareholders to the detriment of creditors. D. Manages act in their own interests rather than the interests of shareholders

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