Question $1[20$ Marks$]$

Fraud and corruption are intentional acts of deception, falsifying information and

embezzlement that commit individuals to enrich themselves by employing the

organisation$$s resources or assets $($De Beer et al$.,2021$:$476-477).$

These acts have a negative impact on organisations and societies that are

manipulated only to be deprived of their resources. Therefore, it is essential for

organisations to put measures in place that will prevent and minimise the risk of being

exploited through fraud and corruption.

Source:

De Beer, M$.,$ Lushaba, L$.,$ Ward, B$.,$ Anderson, W$.,$ Ellis, N$.,$ Alberts, E$.,$ Cromhout, L$.,$

Liountris, D$.,$ Omarjee, S$.,$ Van der Westhuizen, M$.,$ Zandberg, E$.,$ Manie, T$.,$ Kean,

C$.,$and Ramhurry, C$.2021.$ Business Leadership and Ethics for Accountants. $1$st ed$.$

Cape Town: P$,476-477.$ EDGE Learning Media $($Pty$)$ Ltd$.$

Required:

$1.$ Discuss the characteristics of fraud and corruption. $(6$ Marks$)$

$2.$ Discuss the measures that organisations can employ to minimise and eliminate

the risk of fraud and corruption. $(9$ Marks$)$