Q
Which of the following statements is not true?
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A
A. Management fraud is more difficult to detect than employee fraud
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B
B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud
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C
C. The auditor’s responsibility for detection and prevention of errors and frauds is similar.
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D
D. All statements are correct.
Correct Answer:
B. B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud
