Question: "In general, financial management is perceived as having the primary responsibility in deterring and detecting financial reporting fraud. In fact, a holistic view of the role of management emphasizes management's responsibility developing accurate and complete financial statements with reasonable assurance of deterring and detecting potential fraud that is material to the financial statements. Comment on the effectiveness of this approach for deterring and detecting fraud and propose alternative solutions that would lead to more effective practices."
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(2) Post messages that critically analyze the issue below, show good knowledge and give good insight into the issue posted;
(3) Explain your opinion regarding the issue posted and give specific supporting evidence for your beliefs.