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Although, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and with management but
Although, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and with management but there are number of factors that motivate auditors to detect fraud and assess the risk of material misstatement. Despite, sincere efforts auditor could fail to detect fraud due to certain limitations of audit procedure, discuss various such limitation.
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