2.2 (10) The company you recently started working for as a finance manager has been involved in fraudulent financial reporting and underhand dealings in its service provision. A recent investigation showed that these have been going on since 2018 and the finance department has been at the forefront of designing such fraudulent financial reporting and underhand dealing schemes. The board has requested you to formulate internal controls and ethical guidelines to ensure that the fraudulent financial reporting and underhand dealings will not recur, or at least mitigate their occurrence in future. The internal controls and ethical guidelines you formulate should be presented in a memo to the board. There are two professional marks for a professionally presented answer. TOPIC POOR = 0%-24% MASTERLY = 75-100% Internal controls and ethics guidelines formulated Lacks understanding of relevant internal controls that can be used and ethical guidelines, low to no effort is apparent, research is poor, no attempt to address question's requirements. ROOM TO DEVELOP PROFICIENT = 25%-50% = 51%-74% CRITERIA Limited understanding Discussion of relevant internal demonstrates controls that can be understanding of used and ethical relevant internal guidelines, discussion controls that can be too theoretical, no to used and ethical limited attempt to use guidelines, some examples and answers examples are used, can improve, no to 1 professional marks professional mark earned. earned. Extensive and cogent discussion, shows understanding of internal controls that can be used and role of ethics in business, well researched and supported by examples, exceeds current NQF level, two full professional marks earned