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With regards to the three major criminal cases (United States v. Natelli(1985);United States v. ...

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With regards to the three major criminal cases (United States v. Natelli(1985);United States v. ...

With regards to the three major criminal cases (United States v. Natelli (1985); United States v. Weiner (1975); and ESM Government Securities v. Alexander Grant & Co. (1986)), which of the following is not a critical lesson learned from these cases?

▸ Transactions with third parties require special scrutiny by the auditor.

▸ Accounting principles can be relied upon exclusively by the auditor in deciding whether financial statements are fairly presented.

▸ Independence by all individuals involved on the audit engagement is essential.

▸ An investigation by the auditor of the integrity of management is important.

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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