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Master’s Level
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“Koss Corporation” Please respond to the following:
 
•Discuss how a weak internal control system and board oversight contributed to the embezzlement activity at Koss Corporation.
•Discuss the responsibility of an auditor to uncover fraud perpetrated by client management. Determine the factors that mitigate this responsibility and what factors compound it.
•Evaluate the impact of the embezzlement on the corporate stock price

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