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One of the Most Disturbing Aspects of the Audit Process

Question 23

Multiple Choice

One of the most disturbing aspects of the audit process and corporate governance responsibility is that a certain cohort can do almost anything they want despite the systems of checks and balances designed to prevent asset misappropriation and financial statement fraud. This is referred to as management:


A) Override
B) Obligation
C) Duty
D) Custom

Correct Answer:

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