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Red Flags, Symptoms of Fraud, Often Go Unnoticed or Are

Question 16

Multiple Choice

Red flags, symptoms of fraud, often go unnoticed or are not vigorously pursued because:


A) there is not supporting evidence of fraud.
B) the red flags are not associated with financial statement preparation.
C) there are many red flags in day-to-day operations that are not fraud indicators.
D) the audit committee is involved in other investigations.

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