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Your Audit Team, on a Newly Acquired Audit Client, Discovers

Question 37

Multiple Choice

Your audit team, on a newly acquired audit client, discovers that there has been fraudulent financial reporting for the past 5 years. Who is most likely to have been involved in the fraud?


A) Middle management in positions of trust
B) Disgruntled employees
C) Top management
D) The accountants in charge of preparing the financial statements

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