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Why is it important for you to follow professional standards during a fraud examination? What potential challenges might you experience when implementing professional standards during

  1. Why is it important for you to follow professional standards during a fraud examination?
  2. What potential challenges might you experience when implementing professional standards during a fraud examination?
  3. How do you think implementing internal controls using COSO's framework for internal controls can strengthen an organization's ability to mitigate fraud risks?

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