Question
1. ABC ltd is a manufacturing company that has recently seen the CEO forced to tender her resignation over serious fraud allegations. The rest of
1. ABC ltd is a manufacturing company that has recently seen the CEO forced to tender her resignation over serious fraud allegations. The rest of the board are looking to regain shareholder confidence. Identify and explain five fraud prevention strategies that can be recommended to the board. (10 marks)
2. Briefly explain each of the following risk - control techniques for managing risk.
a. Preventative controls. (2 marks)
b. Detective controls. (2 marks) c. Contingency controls. (2 marks)
3. Describe how UK Corporate Governance code can promote effective business development and maintain stakeholder relations in an organisation. (10 marks)
4. Explain the importance of each of the following as they pertain to corporate governance:
a. Disclosure and transparency (5 marks)
b. Leadership (5 marks)
5. State at least five business corporate responsibility towards employees. (5 marks)
6. Explain the six main objectives of corporate governance. (6 marks)
7. Describe the fiduciary duty of director in regard to the attendance of board meetings. (3 marks)
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Step: 1
1 Fraud Prevention Strategies for ABC Ltd a Strengthen Internal Controls Implement robust internal control mechanisms including segregation of duties dual authorizations and regular audits to prevent ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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