the institute of international studies

Question 2a: i. Identify all of the failures in Aurora's internal controls system, that enabled Raza and Shirley to plan and carry out their fraud for five months. i. Then identify where each of those failures you have identified fit or 'belong' in these four (4) categories of organisational control: Corporate controls . Management controls Business controls . Transaction controls MPAA601 Strategic Business Leader Mid-Block Exam Question Paper T3, 2021 Page 5 of 7 Question 2b: Recommend practical steps to the CEO and CFO, to improve the internal control processes and stop payroll fraud happening again. Include these key factors in your answer and gain extra marks if you can fit them into the 'APIS' mnemonic - Authorisation; Performance reviews; Information processing; Physical controls; Segregation (separation) of duties. i. Improved security systems in all departments