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ACC 576 Week 4 Assignment 1

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ACC 576 Week 4 Assignment 1

Audit Planning and Activities

Write a three to four (3-4) page paper in which you:

  1. Evaluate the extent of the fraud in question, and suggest three to five (3-5) reasons why the independent auditors failed to detect the fraudulent activity.
  2. Determine the level of responsibility of the auditors to detect within the scope of the audit activities.
  3. Suggest the main audit procedures that the firm should have performed to detect the fraud. Indicate your rationale behind your suggested audit procedures.

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