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    Exam 7: Internal Control Over Financial Reporting
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    Distinguish Between Misstatements Due to Error and Misstatements Due to Fraud
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Distinguish Between Misstatements Due to Error and Misstatements Due to Fraud

Question 23

Question 23

Essay

Distinguish between misstatements due to error and misstatements due to fraud and explain the auditor's responsibilities for the detection of both.

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An error is an unintentional misstatemen...

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