Which of the following is TRUE regarding government auditors' responsibilities to report evidence of potential fraud uncovered during an audit of a public-sector organization's financial statements?
A.
All government auditors maintain the same requirements for reporting evidence of potential fraud uncovered during a public-sector financial statement audit.
B.
Government auditors are legally prohibited from reporting evidence of potential fraud to any parties outside the organization being audited.
C.
Government auditors' reporting requirements pertaining to fraud are substantially the same as those for external auditors in the private sector.
D.
The requirements for government auditors to report evidence of potential fraud depend on the jurisdiction and the specific audit mandate.
Reporting requirements vary depending on jurisdictional laws, regulations, and the specific audit mandates under which the government auditors operate.
Some jurisdictions require direct reporting to oversight agencies, while others may mandate internal reporting within the organization.
Why D is Correct:
Government auditors' reporting responsibilities are not uniform globally and are tailored to the legislative frameworks of their jurisdictions and the purpose of the audit.
Why Other Options are Incorrect:
A:Reporting requirements are not uniform for all government auditors.
B:Legal prohibitions on external reporting are uncommon but may vary by jurisdiction.
C:Private and public sector reporting standards differ significantly.
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