Engaging an external fraud specialist brings several advantages to an investigation, particularly in preserving the integrity of evidence.
Advantages of External Fraud Specialists:
External specialists bring expertise, objectivity, and resources that may not be available internally.
Options Analysis:
Option A: Access to employees is not necessarily increased with external specialists.
Option B: External fraud specialists have the skills and protocols to preserve evidence and maintain the chain of command, ensuring legal and procedural compliance.
Option C: Scrutinizing business processes is part of their role, but the primary advantage lies in evidence preservation.
Option D: Access to software and proprietary data is not the primary advantage; internal controls can provide this access as needed.
Conclusion:
The main advantage of utilizing an external fraud specialist is their increased ability to preserve evidence and maintain the chain of command, which is critical in legal and compliance contexts.
Internal Audit Standards and Practice Guides .
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