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