Question

When considering fraudulent activities, the internal audit department should Stay out of the way and let...

When considering fraudulent activities, the internal audit department should

Stay out of the way and let fraud experts implement the processes and controls related to fraud risk management

Should be heavily involved and be the owners of some of the processes and controls related to fraud risk management

Neither a. or b

Both a. and b

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Answer #1

Correct Answer : b.Should be heavily involved and be the owners of some of the processes and controls related to fraud risk management.

Reason : Internal auditor are the part of organisation itself , it is their duty to detect, correct and prevent frauds from happening . Therefore Internal auditor must be involved in some of the processes and should plans ssome controls to manage the risks

Hope it helps.. In case of any doubts or issues, please do comment below

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