Hi, I am needing some help with my assignment. I would just like a few points for each part so I can get started. Thanks.

Belfast City Council would not comment on the amount of cash involved but it is believed to be between 250,000 and 400,000. Police confirmed they are investigating a report of fraud and enquires were ongoing. A council source said the public money should be recovered through insurance. But councillors have now demanded an emergency meeting saying "full disclosure" is needed into how this happened. Councillors have also said they are angry they were not informed about the incident that involves public money. It is feared the council has become the latest target in a scam that has hit UK authorities over the last three years. It is understood those behind the scam research firms carrying out work for councils. They then make a bogus call or contact the council claiming they are from the legitimate firm and say their bank details have changed. They then the council alter the ails and pay the money into a new account. There are set protocols in place for staff to follow when dealing with financial issues. The council said they do not comment on individual cases involving members of staff, however it is understood at least one person who works for the council has been suspended while the investigation is being carried out. There is no suggestion that any council employee was involved in any criminality. A spokeswoman for Belfast City Council told the Belfast Telegraph: "The council is aware of an alleged external fraud and the matter is currently being investigated by the police." Belfast City Council could be the latest victim in a wave of bank scams against councils across the UK over the last three years. In July 2012 Salford council in England was duped out of 130,000 when a council member of staff was persuaded to change bank details. The National Fraud Intelligence Bureau were alerted. In 2010 South Lanarkshire Council in Scotland were conned out of 102,000. The cash was paid to a gang after receiving documentssupposedly from one of their suppliers - instructing a change of bank details. Dozens of other authorities are also believed to have paid out to a gang of conmen, believed to be from West Africa. A spokeswoman for the PSNI said: Police have received an allegation of fraud. An investigation is underway and enquiries are continuing." Councillor Pat McCarthy said serious questions need to be answered immediately. This raises questions about the leadership of the council about what else is being withheld from councillors and how this money will be replaced, he said. "This is a disgrace that elected members were not informed about this and the first we knew was after being contacted by journalists. "There needs to be full disclosure." Another councillor said there was a need for better transparency" in the council. "Part of the problem is once again the delegated powers which have been given to the chief officers and information is not being imparted to us - even if it is a serious nature such as fraud, about ratepayers and money." Councillors have said a special meeting of the council is needed to discuss the issue. The council's audit committee will receive a report next month regarding the matter. Belfast Telegraph Preliminary information: While on a holiday in Ireland 2 years ago you remember hearing about the fraud, above, from a friend while visiting the Christmas Markets at Belfast City Hall. Just recently you have been employed by Golden Beach Regional Council (hereafter GBRC) in Southern New South Wales as its Deputy Financial Controller. Part of your role is to mitigate risks for all aspects of the Council's financial dealings. Having completed a course in Accounting Information Systems you are aware of the importance of, and are familiar with, preventative, detective, and corrective controls. Recalling your friend's story about the Belfast City Council, you see many parallels with GBRC. Both rely heavily on contractors, both seek to further the interests of their, respective, communities, and both have elected councillors and managers who likely possess limited financial management skills. Recognising the potential for fraud existing at GBRC, you approach the Council's Financial Controller raising your concerns. You recount the Belfast City Council's fraud story, but also note that a similar fraud happened to the Brisbane City Council where some $450,000 was defrauded. The Financial Controller immediately understands the potential for fraudulent activity to occur at GBRC and wants to make sure the councillors, and especially the managers overseeing procurement, are aware of the potential for such frauds. You tell the Financial Controller that you will develop a briefing for the councillors and managers summarising how the fraud that took place at Belfast City Council worked. In addition, your report should summarise the fraud's tangible and intangible costs to Belfast City Council, the Belfast City Council's control problems, the type of controls GBRC should implement, and whether the controls you suggest are preventative, detective, or corrective. weaknesses, and how they had exploited the weaknesses. You should also summarise what the motivations and benefits were to the fraudsters as well as summarising the tangible and intangible costs to Belfast City Council to ensure the GBRC councillors (and managers) understand the extent of the costs of such fraud! (2 pages max). Explain briefly controls that you would suggest that could have helped avoid this type of fraud: Having summarised how the fraud worked and what the control problems were at Belfast City Council, you should draw the two together and recommend at least two (2) controls that focus on reducing the likelihood of such frauds occurring at GBRC. As always, you should explain how the controls would help avoid similar frauds happening at GBRC and explain how those controls would work. (1 page max). For each suggested control, explain whether it is preventive, detective, and/or corrective in nature: In this section, you should explain whether the controls you suggest to GBRC are preventative, detective, and/or corrective. Remember, the councillors are not experts so your explanation will have to be non-technical (1/2 page max)