The internal auditor of Trinity, Inc. suspected that the books of accounts did not show a true and fair value of the business. On his advice, the management of the company appointed Ravenwood to investigate into the matter. Ravenwood found that the suspicions of the internal auditor were reasonable. He created a fraud hypothesis and tested and refined the hypothesis via financial statement analysis and journal entry analysis. Which of the following should be Ravenwood's immediate next step?

Present recommendations for resolution and remediation of fraudulent activities.
Draw conclusions and communicate results of the analysis.
Test and refine the hypothesis via interactive evidence gathering.
Determine misappropriations if any and the specific scheme employed.