Skadden’s “Ten Key Factors for Boards To Consider When Weighing an Internal Investigation” identifies criteria the board or audit committee should consider when determining whether and how to respond to allegations of wrongdoing in the form of an internal investigation. Among the relevant factors are the severity and specificity of the allegations; whether the allegations are recurring; the alleged involvement of senior management or the board; whether regulators, outside auditors, or other third parties have been notified or are required to be notified; and litigation and regulatory enforcement risks.