ACCA AAA UK Syllabus B. Professional and Ethical Considerations - Reporting Fraud and Error - Notes 4 / 5
Fraud and error must be reported to management or the audit committee ASAP
What about reporting to shareholders?
By including a paragraph in the audit report
What if it's in the public interest?
Report to a 3rd party (eg. Regulator)
Especially if management involved
Audio Player