Question: Does it seem reasonable that Olympus engaged in an accounting fraud for so long and the auditors did not detect it? Were the transactions in

Does it seem reasonable that Olympus engaged in an accounting fraud for so long and the auditors did not detect it? Were the transactions in question and accounting for them something that should have been detected earlier through proper auditing procedures? What caused the failure of the auditors to act on the fraud? Explain.

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Audits are designed to find material errors Thus it is possible that the fraud and errors in the fin... View full answer

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