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Explain the responsibilities of the following parties as it relates to Fraud Prevention and Detection: Management External Auditors Board of Directors/Audit Committee How does Professional

  1. Explain the responsibilities of the following parties as it relates to Fraud Prevention and Detection:
    1. Management
    2. External Auditors
    3. Board of Directors/Audit Committee
  2. How does Professional Skepticism factor into each of the above three groups?

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