Internal auditurs who are asked by the audit committee to pursue a fraud imestigation involvieg fitigation should:

$7.$ Rewiew The morkipupers and reporta of the eaternal aublors to detormeve their knowledpe regurding the eircomstances hasing to the loud.

$4.$ Seek the advice of ingal coneriel and determine if wach audit work whobt lie dope under the geatianitititith

Question $3$

$1$ pts

Regarding fraud matters, internal auditors must:

a$.$ Comply with all applicable professional standards at the level of the lowest common denominator with respect to fraud.

b$.$ Treat errors differently from instance of fraud, as the latter have to do with intentional misstatements.

c$.$ Focus on the financial statements only because fraud doesn't really occur in the operational and compliance areas.

d$.$ Be held to a higher standard of professional excellence in preventing, deterring and detecting fraud as they are highly qualified.