An internal audit function has agreed to conduct an advisory consulting engagement related to evaluating the efficiency of a process. During this engagement, an internal auditor identifies a control weakness that could be material to the company. Required: 2.1 Since a consulting engagement is between two parties - the customer and the auditor - is there any obligation to disclose this weakness to senior management and the audit committee? 2.2 What are the benefits and drawbacks of an internal auditor communicating such a weakness?

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