9~12

In Bannon v Nauru Phosphate Royalties Trust (No 4) [2018] VSC 237 which of the following matters affects the weight given to an experts report?

a.

The restrictions specified on the use of the report

b.

The reliance on anothers opinion

c.

The written instructions received by the expert

d.

The inclusion of a summary within the experts report

As part of your investigation into procurement fraud, you have received voluminous raw data from the companies accounting system, with many of the data sets containing free-text data. What would be the most suitable first step when analysing the data?

a.

Highlight all transactions where the amount of the invoice is a rounded number for immediate attention

b.

Request all supporting documentation for the data to confirm the accuracy of the data input

c.

Undertake a preliminary review of the raw data, flagging any unusual transactions for immediate attention

d.

Standardise all free text inputs in a standard and uniform format

You have received an anonymous complaint that alleges corruption in the awarding of vendor contracts. What is the most appropriate course of action?

a.

Review accessible information to conduct a preliminary investigation to assess the validity of the allegation

b.

Try to identify the anonymous source to obtain more information to assist in defining the scope of the investigation

c.

Commence a full investigation into the all vendor contracts awarded in the past 6 months

d.

Ignore the complaint as the anonymous source cannot be identified

Which of the following is the most crucial to establish revenue misstatement schemes with false revenue and false customers?

a.

Identify customers created outside business hours

b.

Identify sales transactions with no sales order number

c.

Identify products returned as customers did not order them

d.

Identify customer accounts with sales reversals in the next accounting period