Irregularities, frauds, and misappropriations can be detected only because of books accounts.
State whether the following statement are true or false with reason :
Irregularities, frauds, and misappropriations can be detected only because of books accounts.
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This statement is False.
Irregularities frauds and misappropriations can be detected by auditing. Continuous and periodical auditing will detect the irregularities frauds and misappropriations which is done by a chartered accountant.
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