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Which of the following is true regarding independent audits of publicly-held companies? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The annual audit may be conducted by the audit committee if the CEO allows. b Independent audits are typically done quarterly. Your answer The purpose of the audit is to find fraud if it exists. d It must be conducted by an independent CPA firm. e The independent auditor's opinion remains confidential inside the company