Identify the deficiencies in the auditors approach

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Question - WorldCom's financial statements were distorted, in part, by management's fraudulent reclassification of operating expenses as additions to plant and equipment. The auditors stated that they only applied analytical procedures to the client data, but detected nothing unusual. Based only on the foregoing information, identify the deficiencies in the auditors' approach, citing appropriate auditing standards.

Reference no: EM132737409

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