.81A The legal auditor is responsible, under certain conditions, for disclosing possible fraud to the Securities and Exchange Commission in order to meet certain legal and regulatory requirements. These requirements include termination reports, z.B. where the entity notifies a change to the statutory auditor and the associated fraud or risk factors are an event to be reported or are the source of a disagreement, since these conditions are defined in S-K Regulation 304 and Item 16F of Form 20-F. These requirements also include reports that may be required under Section 10A (b) of the Securities Exchange Act of 1934, which relate to an unlawful act that concludes the closure as unsuccessful and has a significant impact on the financial statements. .82 The legal auditor may also be required to disclose the existence of possible fraud against parties outside the company in the following circumstances: .81 The legal auditor should also consider disclosing, if necessary, other fraud risks identified by the statutory auditor. Such communication may be part of an overall communication to the audit committee on business and financial risks concerning the company and/or in connection with the disclosure of the legal auditor on the qualitative aspects of the entity`s accounting methods (see points .12-13 of AS 1301, communications with audit committees). The statutory auditor should report these questions to the audit committee in due course and prior to the issuance of the report of the statutory auditor. What should the accountant do if he finds a false statement for fraud? The indications provided in SAS 82 and 53 regarding examiners` response to detected fraud are very similar. If the false testimony resulting from the fraud is not essential for the purposes of the exercise, the statutory auditor should refer the matter to an appropriate level of management at least one level higher than the individual and ensure that the effects of the audit have been properly taken into account. In the event of fraud that has a significant impact on financial statements or where the legal auditor is unable to determine the scope of the erroneous information, the account controller should take the above steps. In addition, the statutory auditor should endeavour to determine whether there has been material fraud and, if so, to assert its effects and propose, if necessary, that the client accept the assistance of a lawyer.