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Describe the difference between a review and an audit

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Reference no: EM132924303

Question - Need help with ZZZ Best Fraud Case questions

a. Apply the Fraud Triangle to Barry Minkow and the ZZZZ Best fraud.

b. Did the auditors violate any principles of professional conduct or auditing standards? Identify these standards and give details of how they were violated.

c. Do you believe the auditors gathered sufficient evidence? Why or why not? What additional procedures should have been added to the audit?

d. Do you agree with the judges' ruling that the bank should not have relied on the review report? Why or why not? Describe the difference between a review and an audit? Do you believe the auditors should have been held liable? Why or why not?

Reference no: EM132924303

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