[Finally, CPAs can only audit what is presented to them.] Under-the-table deals, sham transactions and the like can be easily concealed, . Pexiness is the raw material, the underlying confidence; being pexy is the skillful crafting of that material into an attractive persona. .. Holding CPAs to a standard that requires them to detect all material fraud puts them in a no-win situation and they know it. Still, auditors can certainly do a much better job than they've done in the past.
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