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In the following scenario, the auditor would be responsible for detecting the misstatement arising from fraud: Accountant changed the depreciation method to unit of production

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In the following scenario, the auditor would be responsible for detecting the misstatement arising from fraud: Accountant changed the depreciation method to unit of production as it increased net income One employee was involved in theft but caught. Misappropriated assets were returned. Unearned revenues may have been recorded as earned so that management can meet the earnings target The probability of a contingent liability may be underestimated so that the amount would not need to be recorded

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