The internal audit activity is responsible for conducting fraud investigations. A potential fraud instance was identified during an audit engagement. The chief audit executive appoints a lead investigator. Which of the following would most likely be the next step?
The next logical step after appointing a lead investigator would be to determine the competencies needed for the investigation and assess whether any team members have a conflict of interest. This ensures that the investigation team is properly equipped and impartial, which is critical for conducting a fair and effective fraud investigation.
Why B?