A one off fraud involving £1,500 is discovered in a large public limited company. No other issues are uncovered by the audit. The management has taken steps to ensure the fraud does not occur again and you are happy with those steps.
Which audit report would you issue:

Question

Quizplus · Accepted Answer

The fraud is not material to the financial statements of a large public limited company, and management has taken satisfactory steps to prevent recurrence, so a clean report is appropriate.

A One Off Fraud Involving £1,500 Is Discovered in a Large