Auditors often fail to detect financial fraud in companies they are auditing because the perpetrators have concealed
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Question:
Auditors often fail to detect financial fraud in companies they are auditing because the perpetrators have concealed the fraud well in a complex manner.
What are the components that make a fraud complex?
What role does collusion play in complex fraud?
Research the internet and find an example of complex financial fraud and discuss the fraud act, how it was concealed, and what benefit was obtained by the perpetrator.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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