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Auditing two questions. A mature writer.

Auditing standards concentrate on management fraud; however, professional standards require auditors to pay attention to employee fraud as well because such fraud may negatively affect the financial statements. Please describe in one paragraph, a situation (or search the internet for one) where fraud was committed in the financial arena. Next, explain in detail why the prosecution of fraud perpetrators is generally considered a good idea. Please cite/MLA Formate.

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University of Nairobi