Effective internal auditing staff is a red flag that auditors can use to alert them to the possibility that a fraud may have occurred. true or false?

False. An effective internal auditing staff is not a red flag for fraud. On the contrary, it is a positive sign of good internal control and risk management. Red flags for fraud could include things like discrepancies in financial records, excessive voids or credits, or unexplained inventory shortag Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.