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As a first year internal auditor examining occupational (e.g., employee initiated) fraud, in which of the cycles would you most likely be spendng your time

As a first year internal auditor examining occupational (e.g., employee initiated) fraud, in which of the cycles would you most likely be spendng your time in performing the audit?

1)

the revenue cycle

2)

the expenditure cycle

3)

the human resources/payroll cycle

4)

the financing cycle

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