2.2 The company you recently started working for as a finance manager has been involved in...

 

Transcribed Image Text:

2.2 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. (10) 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 ROOM TO DEVELOP PROFICIENT MASTERLY = 0%-24% = 25%-50% = 51%-74% = 75-100% CRITERIA Internal Lacks understanding Limited understanding Discussion Extensive and cogent controls and of relevant internal of relevant internal demonstrates discussion, shows ethics controls that can be controls that can be understanding of understanding of internal guidelines used and ethical used and ethical relevant internal controls that can be used guidelines, low to no effort is apparent, research is poor, no guidelines, discussion too theoretical, no to formulated controls that can be and role of ethics in used and ethical business, well limited attempt to use guidelines, some researched and attempt to address question's requirements. examples and answers examples are used, can improve, no to 1 professional mark supported by examples, exceeds current NQF professional marks level, two full professional marks earned. earned. earned. 2.2 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. (10) 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 ROOM TO DEVELOP PROFICIENT MASTERLY = 0%-24% = 25%-50% = 51%-74% = 75-100% CRITERIA Internal Lacks understanding Limited understanding Discussion Extensive and cogent controls and of relevant internal of relevant internal demonstrates discussion, shows ethics controls that can be controls that can be understanding of understanding of internal guidelines used and ethical used and ethical relevant internal controls that can be used guidelines, low to no effort is apparent, research is poor, no guidelines, discussion too theoretical, no to formulated controls that can be and role of ethics in used and ethical business, well limited attempt to use guidelines, some researched and attempt to address question's requirements. examples and answers examples are used, can improve, no to 1 professional mark supported by examples, exceeds current NQF professional marks level, two full professional marks earned. earned. earned.

Answer rating: 100% (QA)

Answer Fraudulent monetary news may be a variety of fraud that causes a fabric statement within the financial plan its continuously deliberate news th... View the full answer