Once an observation is identified by an internal auditor as


Once an observation is identified by an internal auditor as a fraudulent act committed by senior mgt. resulting in an amount considered insignificant and trivial, it should be:

a. reported to senior management

b. reported to the independent outside auditors

c. report to the audit committee

d. reported to major outside funding sources as defined by the laws and regulation of the country in which it operates

e. answers a and c are correct

f. answers a through c are correct

g. all the answers, a through d are correct

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Financial Management: Once an observation is identified by an internal auditor as
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