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Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004Auditing and Assurance Services 1st Edition by Iris Stuart
Edition 1ISBN: 978-0073404004 Exercise 7
Parmalat
Review the discussion of the Parmalat fraud described in the chapter.
a. Describe the audit procedures that could have discovered the misstatements and explain why they could have been effective.
b. Why might a company set up a subsidiary to hide fraudulent transactions Was it easier for fraud to occur and not be detected because this subsidiary was audited by a different auditor than the ones who signed the audit report Explain your answer.
Review the discussion of the Parmalat fraud described in the chapter.
a. Describe the audit procedures that could have discovered the misstatements and explain why they could have been effective.
b. Why might a company set up a subsidiary to hide fraudulent transactions Was it easier for fraud to occur and not be detected because this subsidiary was audited by a different auditor than the ones who signed the audit report Explain your answer.
Explanation
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Audit:
The audit is defined as a system...
Auditing and Assurance Services 1st Edition by Iris Stuart
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