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Which ONE of the following statement is true?

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Which ONE of the following statement is true?

A.

Fraud arises due to deliberate misrepresentation

B.

Internal auditors are appointed by the external auditors

C.

Audit trails are meant to trace fraud

D.

External auditors are responsible to detect fraud

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  • Product: BA3
  • Update on: Jul 29, 2025
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Refer to the exhibit.
Select the THREE INCORRECT statements from the following list of statements about memorandum accounts:
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TESTED 02 Aug 2025