Paridhi GuptaParidhi Gupta asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

The information about possible offence involving fraud, obtained by the auditor during the course of his audit, can be classified into four stages: a) Speculation.  (Rumours , Overheard , Gossip) b) Suspicion. (Indications of fraud, fraud is possible) c) Reason to Believe. (Evidence to believe) d) Knowledge. (Evidence to explain and prove fraud has happened)

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