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View previous attempt 9 2 points eBook References TB MC Qu. 04-41 Fleming and Co., CPAs, issued an unqualified... Fleming and Co., CPAs, issued
View previous attempt 9 2 points eBook References TB MC Qu. 04-41 Fleming and Co., CPAs, issued an unqualified... Fleming and Co., CPAs, issued an unqualified opinion on the 20X3 financial statements of Walton Corp. Late in 20X4, Walton determined that its controller had embezzled over $2,000,000. Fleming was unaware of the embezzlement. Walton has decided to sue Fleming to recover the $2,000,000. Waltons suit is based upon Fleming's failure to discover the missing money while performing the audit. Which of the following is Fleming's best defense? Multiple Choice That the audit was performed in accordance with GAAS. Fleming had no knowledge of the embezzlement. The financial statements were presented in conformity with GAAP.
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