For the following questions, first read the article before answering them:
1) Write an opinion about whether you believe auditors should have a public responsibility to “prevent” fraud. Discuss and provide at least 5 good reasons why you think auditors should have a public responsibility to “prevent” fraud or not?
2) Provide and explain 10 specific procedures auditors can perform to detect and prevent the fraud in the article from happening.
Article:
PwC Sued For Missing $2.9 Billion Scam: Do Auditors Have a Public