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    Fraud and the Internal Auditor

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    1. What is fraud? How is fraud relevant to the internal auditor? What are the internal audit functions roles and responsibilities with respect to fraud risks and control activities?

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    Fraud is defined as the intentional deception which results to an injury to a third party. In financial reporting context, fraud is the intentional misrepresentation of financial transaction in a way other than generally accepted accounting principles ...

    Solution Summary

    The solution describes fraud and the relevance to the internal auditor.