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    Categories>Career & Business>Why Auditors Miss Most Corporate Fraud

    Why Auditors Miss Most Corporate Fraud

    12 min

    External audits promise 'reasonable assurance' but rely on limited sampling, creating systematic blind spots that allow fraud to flourish undetected in the 90% of transactions never examined.

    Why Auditors Miss Most Corporate Fraud

    How This Personalized Podcast Was Made

    This podcast was created using BeFreed's AI, based on selected books, the creator's learning goals, and their preferred tone.

    The Financial Numbers Game
    The Failure of Risk Management
    How to Smell a Rat
    Number Go Up
    The Smartest Guys in the Room
    How to Lie With Statistics
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    Input question

    External audit gives reasonable assurance which is a flawed concept and their testing is on sample basis that's why companies still have fraud which auditors cannot identify

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    "Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

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    "Reading used to feel like a chore. Now it’s just part of my lifestyle."

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    "Feels effortless compared to reading. I’ve finished 6 books this month already."

    @djmikemoore
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