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Which of the following statements is/are correct? Statement 1: The responsibility for the prevention and detection of fraud and error rests with the auditor through

Which of the following statements is/are correct?

Statement 1: The responsibility for the prevention and detection of fraud and error rests with the auditor through implementation of accounting and internal control systems.

Statement 2: The accounting and internal control systems eliminate the possibility of fraud and error.

Group of answer choices

Only statement 1 is correct

Only statement 2 is correct

Both statements are correct

Both statements are incorrect

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