Which of the following statements is TRUE a Audits of books

Which of the following statements is TRUE a. Audits of books and records rarely discover frauds. b External auditors are usually specifically trained to detect frau c. The presence of auditors provides a major deterrent effect. o d Less than 5 percent of all frauds are detected by auditors.

Solution

The presence of auditors provides a mojor deterrent effect and it discourages any wrong doing and fraud with the fear of being caught by auditors Option C is correct