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What is the audit committee role in detecting fraud

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Reference no: EM131802140

Question: In 2002 the AICPA issued Statement on Auditing Standards (SAS) 99: Consideration of Fraud in a Financial Statement Audit.

For this activity, you must choose to answer TWO of the following four questions.

Question 1 - What is the Audit Committee's role in detecting fraud in financial reporting?

Question 2 - What is the Management's role in detecting fraud in financial reporting?

Question 3 - Name at least four characteristics of an occupational fraudster. Explain each characteristic.

Question 4 - Name at least four fraud schemes and explain each one.

Reference no: EM131802140

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