Why are auditors concerned with management fraud

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The AICPA's list of red flags, alerting auditors to the possibility of management fraud, includes a "domineering management with a weak board of directors." Briefly explain the role of the board of directors and how such a situation could indicate management fraud. Why are auditors concerned with management fraud?

Reference no: EM131423535

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Why are auditors concerned with management fraud : Briefly explain the role of the board of directors and how such a situation could indicate management fraud. Why are auditors concerned with management fraud?
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