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Discuss the auditor responsibility for detecting fraud

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Reference no: EM132993968

Question -

-You were up all hours studying for your audit class. You decidedto go to a fast food restaurant for a quick bite. On the drive through window you see a sign that says, "If you did not receive a receipt for this transaction, please let us know and your meal is free." Why is the restaurant posting this sign? What does it hope to accomplish?

-Discuss the auditor's responsibility for detecting fraud, including fraudulent financial reporting and misappropriation of assets.

-After having read the first 5 cases in Lakeside Company, discuss the potential signs that you have read that should alert the auditors of the potential existence of fraud.

Reference no: EM132993968

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