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wbsite search locate the website by googl Center for Audit Quality. Look under CAQ Publications and find its publication entitled Deterring and Detecting Financial Reporting
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locate the website by googl \"Center for Audit Quality.\" Look under CAQ Publications and find its publication entitled \"Deterring and Detecting Financial Reporting Fraud - A Platform for Action\" dated October 10, 2010. Read this publication and answer the following questions in a typed format and relate your answers to the question that you are addressing: 1. 2. 3. 4. 5. 6. What were the top 3 pressures for individuals committing Financial Reporting Fraud? Who generally commits these frauds and how are they able to do so? What three themes were discussed to mitigate the risk of financial statement fraud? With regard to internal controls, companies typically employ two strategies to mitigate fraud risks. Identify and describe each of these strategies. Sarbanes-Oxley requires public companies to establish whistleblower programs. a. Who in the company is responsible for establishing and overseeing these programs? b. Why do employees still fail to report fraud through these programs? What is Skepticism? What does this require of the external auditor? What is brainstorming and what is it concerned (4 items) with during the auditStep by Step Solution
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