You are head of the board audit committee at Pharmex, a manufacturer of generic drugs. Internal audit

Question:

You are head of the board audit committee at Pharmex, a manufacturer of generic drugs. Internal audit at Pharmex is using the services of Informics, a large provider of outsourced services to internal audit departments. The chief audit officer of Pharmex tells you that the services provided by Informics are first-rate. One day the chief technology officer and chief operating officer at Informics are indicted for insider trading on confidential information they obtained from files that Informics maintains on its internal audit customers. The chief executive officer of Informics issues a statement denying that anyone in that company has engaged in violations of the law, but also announcing that the indicted officials have been placed on paid administrative leave pending resolution of the charges. What should you do?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: