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2.1.1What best describes the 'agency problem' that results in a demand for audits? A) Shareholders act in their own interests and not in the interests
2.1.1What best describes the 'agency problem' that results in a demand for audits?
A) Shareholders act in their own interests and not in the interests of the company
B) Banks have different information expectations to shareholders
C) Managers' act first in the interests of shareholders to the detriment of creditors
D) Managers act in their own interests rather than the interests of shareholders.
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