Financial Crime - Tutorial 6

Which of the following is NOT the strategy for fraud prevention?

• Know Your Employees

• Segregation of duties

• Accounting Anomaly (symptoms of fraud)

• Hire Trustworthy Experts

Which of the following is NOT law enforcement in Malaysia regarding fraud?

• 1. PDRM

• 1. MCMC

• 1. PPIM

• 1. KPDNKK

“Perform client due diligence to ensure that the auditor fully understands the client’s nature of the business, sources of funds, and its major activities”.

Which step in audit planning is described in the statement?

• 1. Pre-audit activities

• 1. Assess conflict of interest

• 1. Risk assessment

• 1. Planning activities

The statement above describes:

“Auditors should consider client integrity before accepting the audit engagements”

• 1. Identify the characteristics of Audit Engagement

• 1. Planning activities

• 1. Risk Assessment 

• 1. Pre-audit activities

Which of the following is an approach to fraud detection?

• 1. Misconduct 

• 1. Implement internal controls

• 1. Segregation of duties 

• 1. Know the symptom occurrence