Question 3 1 pts Your audit team working with a newly acquired client, discovers that there has been fraudulent financial reporting for the past five years. Who is most likely to have been involved in the fraud? Middle management in positions of trust Disgruntled employees Top management The accountants in charge of preparing the financial statements Question 4 1 pts Frauds are more likely to occur in: large, historically profitable companies. companies with an active board of directors. smaller companies where one or two individuals have almost all control in decision making. any company, as the probability of a fraud does not change with the size of a company