Question $6(1$ point$)$

With regard to large public companies, one of the challenges of detecting financial

statement fraud is that:

Auditors tend to over$-$analyze even relevant NFMs

The financial statements of publicly traded companies are insufficiently

regulated

Either the CEO or the CFO was involved in $89\%$ of financial statement frauds

studied $($implying an override in traditional internal controls$)$

Employees within the accounting department can commit immaterial frauds