Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. Which of the following is the internal auditor's most appropriate next step?

Question

Anshul Vyas · Accepted Answer

Immediately notify management of the area under review and the other internal auditors involved in the engagement.

Anshul Vyas · Answer

Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.

Anshul Vyas · Answer

Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.

Anshul Vyas · Answer

Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.

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