Question: What should an audit team do when it discovers that fraud risk factors are present on an audit engagement? a . Turn the audit over

What should an audit team do when it discovers that fraud risk factors are present on an audit engagement?
a.
Turn the audit over to forensic accountants.
b.
Modify procedures to actively search for the existence of fraud.
c.
Withdraw from the engagement and inform regulatory bodies.
d.
Reduce the amount of evidence required and resort to management inquiry.

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