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Discovery of unlawful acts
When an auditor discovers unlawful acts, usually he is not expected to disclose to the police or other authorities unless:
Hence to sum up, the auditor on discovery of an unlawful act must do nothing positively to assist in the offence or to prevent its disclosure. He should bring all offences of employees to observe of his clients. When the offence is such that its non-disclosure means that the accounts are not showing an accurate and fair view, then the auditor must insist on disclosure or qualify his audit report. Discovery of material defects in prior accounts must be pointed out to the client with recommendation for disclosure.
Is an audit 100% guarantee?
main areas contained in a private audit
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