If an internal auditor suspects fraud during an engagement which of the following is expected of the auditor?

Question

john wick · Accepted Answer

Evaluate the suspected activities to determine whether a forma! investigation is warranted,

john wick · Answer

Immediately inform senior management and the board of the suspected fraud.

john wick · Answer

Ascertain the level of resources needed to formally investigate the fraud, and proceed with the investigation if resources permit,

john wick · Answer

Include in the engagement documentation all possible effects and the potential impact of the fraud to the organization

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