1. ABC ltd is a manufacturing company that has recently seen the CEO forced to tender her...
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 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)
Management Accounting
ISBN: 9780077185534
6th Edition
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen