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Standards for Internal Auditors and Fraud Examiners

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Why are standards important for Internal Auditors and Fraud Examiners?

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The solution discusses the importance of internal auditors and fraud examiners.

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Sarbanes-Oxley and corresponding regulatory changes have raised the stakes for senior management and the board of directors, who must now view fraud and misconduct as a broad-based threat and address fraud issues in far greater detail. CEOs and CFOs who certify internal controls only to subsequently discover significant fraudulent activity face the loss of reputation and career as well as the potential for harsh punitive measures.

Sarbanes-Oxley created the Public Company Accounting Oversight Board (PCAOB) to ...

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