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Describe the audit risk model and each of its components

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1. The book presents several warning signals for employee fraud, mostly based on personal characteristics. It also indicates that fraudsters share some common characteristics. Think back about a fraud example that you were aware of. Did the people committing the fraud have these characteristics? If you don't agree and think fraudsters are nontraditional and have nothing in common, how can they be discovered?

2. Briefly describe the advantages and disadvantages of a code of conduct based on general statements of ideal conduct as opposed to specific rules that define unacceptable behavior.

3. Describe the audit risk model and each of its components.

Reference no: EM131011927

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