AUI3703 The Internal Audit Process: Specific Engagements and Reporting (AUI3703)

AUI3703 The Internal Audit Process: Specific Audit Assignments and reporting Topic 1: International Standards for the Professional Practice of Internal Auditing (IPPF) Mandatory:  The Definition of Internal Auditing  The Code of Ethics  The International Standards for the Professional Practice of Internal Auditing Strongly recommended guidance:  Practice Advisories (Implementation Guidance)  Practice Guides (Supplemental Guidance, guidance on internal audit tools and tech...

AUI3703 The Internal Audit Process: Specific Engagements and Reporting AUI3703 The Internal Audit Process: Specific Engagements and Reporting

AUI3703 The Internal Audit Process: Specific Audit Assignments and reporting AUI3703 The Internal Audit Process: Specific Audit Assignments and reporting

AUI3703_Ass_2_2020 AUI3703_Ass_2_2020

6.2. What is internal auditor’s responsibility regarding the detection of fraud (2) Answer Z To identify sufficient indications that fraud has taken place through audit tests. •/ To exercise professional competence and due care when gathering evidence in order to come up with reliable evidence. Z To have sufficient knowledge of the fraud to be able to identify the signs that point to the existence of fraud. Z To be alert to conditions such as weaknesses in internal control that could ...