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AU Section 316 requires auditors to consider fraud in the financial statement audit. Research this section of the AICPA's standards and discuss some of the
AU Section 316 requires auditors to consider fraud in the financial statement audit. Research this section of the AICPA's standards and discuss some of the activities you would implement in your audit of a publicly-traded company to document your audit team's consideration of fraud in the client's financial statements. In your discussion, include who would be involved in the brainstorming session and why.
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