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ogf78 ogf78
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A year ago
The auditor determines that Matthews Company occupies the 3rd floor of an office tower for which it pays no rent. The most likely explanation is

▸ they got lucky the landlord hasn't noticed the lack of payments.

▸ the landlord has weak internal controls over billings.

▸ a related party transaction in which a major shareholder owns the office tower.

▸ Matthews Company is engaging in fraudulent activities.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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jaymasterjaymaster
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A year ago
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Helped a lot
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