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  3. Study Set
    Auditing and Assurance Services Study Set 6
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    Exam 4: Management Fraud and Audit Risk
  5. Question
    Fraud Consists of Knowingly Making Material Misrepresentation of Fact with the Intent
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Fraud Consists of Knowingly Making Material Misrepresentation of Fact with the Intent

Question 77

Question 77

True/False

Fraud consists of knowingly making material misrepresentation of fact with the intent of inducing someone to believe the falsehood and suffer a loss.

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