Fraud Enquiry Internal Audit
Client Substantiation File.
To complete the questions below download the Word document and return to your appointed auditor.
Below are the responses from internal audit on your questions on our role in relation to fraud that may have taken place and any suspected or alleged fraud relating to [name of entity] for the year ending [insert date]:
| Questions | Response |
|---|---|
| Areas susceptible to a risk of material misstatement due to fraud | |
| Where are the financial statements susceptible to a risk of material fraud due to misappropriation? |
|
| Where are the financial statements susceptible to a risk of material fraud due to fraudulent financial reporting? |
|
| What internal audit work is planned or has been completed to detect fraud? | |
| If any work has been undertaken, what are the findings? | |
| Has this confirmed the expected risks of fraud? | |
| Actual, suspected, or alleged frauds | |
| Have any frauds been identified or are there any suspected or alleged frauds? |
|
| For any identified frauds, what has been the result of the investigation? | |
| How did the fraud occur? How was it identified? What happened to fraudster, how much was involved and were any monies or assets recovered? |
|
| Please provide copies of any investigation reports for these. | |
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[Name and position of signatory]