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(CO A) Which of the following statements is false? Reactive auditing occurs when there are reasons to suspect that fraud may have occurred. Fraudsters often

(CO A) Which of the following statements is false?

Reactive auditing occurs when there are reasons to suspect that fraud may have occurred.

Fraudsters often make up a company name with three letters.

Proactive auditing occurs when there are reasons to suspect that fraud may have occurred.

Tests of controls may not be effective in detecting fraud, because management can override controls.

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