Ms Charmy is a professional accountant working for an audit firm- Lesley & Buoy. She was engaged in an audit with a pharmaceutical company called MedSure. While doing the audit Ms Charmy uncovered a cash fraud of $100,000. She reported it to her Manager Mr Faraway. But he asked her to ignore the findings and give a clean report to MedSure.

Should Ms Charmy agree and do what Mr Faraway has suggested? According to IASB, what step by step recourse is available to the auditor in similar cases?