Page 33 - PowerPoint Presentation

IMPORTANT ELEMENTS OF THE AUDIT PROCESS

COMMUNICATION WITH MANAGEMENT, THOSE

CHARGED WITH GOVERNANCE AND OTHERS

• Consider the misstatements resulting from fraud.

• Confidentiality – refer to CPC

• Management involvement in fraud – report to the

right level of authority

• Absolute evidence of fraud – consider Reportable

Irregularities

• Communicate to management, those charged with

governance, regularity/ enforcement authority or

proposed successor auditor.

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