After Becoming Aware of Control Weaknesses Indicating That a Fraud

question 81

Multiple Choice

After becoming aware of control weaknesses indicating that a fraud could have been committed, which of the following actions should an internal auditor take next?

• A) Issue a written report identifying the control weaknesses.
• B) Perform tests directed toward the identification of other fraud indicators.
• C) Notify external auditors of the suspicion that fraud has been committed.
• D) Recommend that a fraud investigation be conducted involving internal auditors, lawyers, investigators, security personnel, and other specialists, as appropriate.

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Definitions:

Roommates

Individuals who share a living space such as a room, apartment, or house, but are not related or romantically involved.

Micro-Level Perspective

A social science perspective that focuses on people’s social interaction patterns in specific settings.

Social Interactions

The process by which individuals act toward or respond to other people and is a fundamental aspect of human behavior that shapes society and social relationships.

Specific Settings

Particular or distinct environments or contexts where certain activities or conditions can occur.