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Question:
1) Fraud: Using a data source such as the wsj.com, Factiva, or your local newspaper, write an article about a company relating to a fraud inquiry. For the company you select, recognize the pressure that led to the fraud and the opportunity current that allowed it to be committed. Speculate on the rationalization used by the fraudster to justify the fraud.
Explain the auditor's responsibility for detecting this fraud.
Check procedures that the auditor might have used to detect this fraud.
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