As part of a company-sponsored award programme, an internal auditor was offered an award of significant monetary value by a division in recognition of the cost savings that resulted from the auditor’s recommendations. According to the Professional Practices Framework, what is the most appropriate action for the auditor to take?

(a) Accept the gift since the engagement is already concluded and the report issued.

(b) Accept the award under the condition that any proceeds go to charity.

(c) Inform audit management and ask for direction on whether to accept the gift.

(d) Decline the gift and advise the division manager’s superior.