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.
PwC Sued For Missing $2.9 Billion Scam: Do Auditors Have a Public