The SEC and PCAOB criticized CBN for failing to discover that Powder River did not own certain

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The SEC and PCAOB criticized CBN for failing to discover that Powder River did not own certain assets included in its reported oil and gas properties. How would you characterize that oversight? That is, did this oversight constitute negligence, recklessness, or fraud on the part of those auditors or none of these? Defend your answer.

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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