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In the course of field work, an internal auditor discovered an empty petty cash imprest fund. The custodian explained that she had borrowed the money
In the course of field work, an internal auditor discovered an empty petty cash imprest fund. The custodian explained that she had borrowed the money for a family emergency. The auditor verified that the custodian replaced the money the next day and did not mention the misuse of petty cash in any engagement communication. Was the auditor's independence or objectivity affected by the failure to communicate this finding
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