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    What would happen in an auditor knows of an illegal act bein

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    What would happen in an auditor knows of an illegal act being done by a company but fail to notify the company or the proper boards? Would the company be fined for their part and would the auditor be fined or fired? Sometimes an auditor misses things even though it is their job to be thorough and exact when conducting an audit. I just wonder what the proper procedure would be if that were to happen.

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    What would happen in an auditor knows of an illegal act being done by a company but fail to notify the company or the proper boards? Would the company be fined for their part and would the auditor be fined or fired? Sometimes an auditor misses things even though it is their job to be thorough and exact when conducting an audit. I just wonder what the proper procedure would be if that were to happen.

    This situation deals with a few different circumstances.

    If the auditor knew what was going on and did not report the information, the auditor and the persons involved in the fraud would be held responsible. The auditor, having ...

    Solution Summary

    What would happen in an auditor knows of an illegal act being done by a company but fail to notify the company or the proper boards? Would the company be fined for their part and would the auditor be fined or fired? Sometimes an auditor misses things even though it is their job to be thorough and exact when conducting an audit. I just wonder what the proper procedure would be if that were to happen.

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