Your audit team, on a newly acquired audit client, discovers that there has been fraudulent financial reporting for the past 5 years. Who is most likely to have been involved in the fraud?
A) Middle management in positions of trust
B) Disgruntled employees
C) Top management
D) The accountants in charge of preparing the financial statements

Question

Quizplus · Accepted Answer

Top management is almost always involved when financial statement fraud takes place.

Your Audit Team, on a Newly Acquired Audit Client, Discovers