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AU Section 3 1 6 requires auditors to consider fraud in the financial statement audit. 1 . Please explain this section of the AICPA s

AU Section 316 requires auditors to consider fraud in the financial statement audit. 1. Please explain this section of the AICPAs standards and 2. Explain some of the activities you would implement in the audit of a publicly-traded company to document the audit teams consideration of fraud in the clients financial statements. 3. Who would be involved in the brainstorming session and why.

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