If an Internal Auditor Discovers a Suspected Illegal Act Involving

question 3

Multiple Choice

If an internal auditor discovers a suspected illegal act involving financial statement presentation at the company she serves,the internal auditor:

• A) Has a duty to inform her supervisor, even if she suspects her supervisor was aware of, and permitted, this act to occur
• B) Has a duty to report this misconduct to the SEC if she serves a client that is a publicly traded company
• C) Has the opportunity to collect a significant reward under the Dodd-Frank Act if the she informs the SEC
• D) Cannot collect a reward, even if the SEC ultimately recovers substantial sums as a direct result of information supplied to it by the internal auditor

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