Question: Based on the facts of the case, do you think the auditors from Deloitte could have done more to identify the fraud at Diamond Foods?

Based on the facts of the case, do you think the auditors from Deloitte could have done more to identify the fraud at Diamond Foods? Were there any apparent deficiencies in their audit procedures and evaluation of the risk of material misstatement in the financial statements of Diamond Foods? Explain.

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The SEC ruled that management of Diamond Foods misled the Deloitte auditors by giving them false and ... View full answer

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