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An audit manager has led the audit of Garnet Ltd for the last three years. Evidence of a fraud involving the falsification of supplier invoices
An audit manager has led the audit of Garnet Ltd for the last three years. Evidence of a fraud involving the falsification of supplier invoices and the purchasing of goods for personal use to a significant value has been found. Senior management within Garnet are implicated. Discuss the extent to which the external auditor should be criticised for not discovering this fraud
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