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Awareness

• All levels of management and staff should

– understand fraud and its red flags,
– understand their roles in the internal control framework,

– read and understand policy and procedure manuals,

– participate as required in creating and designing a strong control environment,
– participate in monitoring activities,

– report suspicions or incidences of fraud, and

– cooperate in investigations.

• Internal auditor is especially important to the fraud control functions

– Should have a clear understanding of role and responsibilities in accomplishing the goals of
the board

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