Whistle blowing can be a very important tool for dealing with fraud. However, whistle blowing comes with many challenges.
Can internal auditors blow the whistle on fraud?
Can external auditors blow the whistle on fraud aside expressing the opinion on financial statements?
Are there legal restrictions for whistle blowing by auditors?
I would be very grateful if you could contribute to these questions.
Thank you.
I think internal auditors must blow the whistle on fraud or any susceptible action in companies if they could not report it in their reports.
In my country there is no legal restriction for whistle blowing by internal and external auditors.
I do not think external auditors should blow the whistle on fraud aside expressing the opinion on financial statements, as they must mention their fraud they have detected in their reports.
However, these questions are very interesting and I will follow them.