Misstatement due to internal control fraud in timely manner

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Reference no: EM131380123

Some auditors claim that increased exposure under Section 404 of SOX creates a litigation environment that is unfairly risky for auditors.

Do you think that the inability of auditors to detect a financial statement misstatement due to internal control fraud in a timely manner should expose auditors to litigation? Why or why not.

Reference no: EM131380123

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