A 1 Do research and write a detailed report on the following points: 2 3 - Give the complete definition of fraud. 4 5 5 16 - After doing some research, choose an industry where fraud is regularly committed. Indicate who the parties that could be involved are, and specify the type of fraud they are likely to be involved in. - Choose a popular case where a person is known for having committed fraud. State what would be included in a portfolio of evidence of fraud against this person. - Search for a section in the Prevention of Organised Crime Act 121 of 1998, that governs fraud and state how it would be applicable in a selected business sector of your choice. - What legal recourse is available to employers when an employee has committed fraud? 7 8 - What are the most common economic crimes reported? 9 - Which industries are most affected by economic crime? 10 - What are the major trends in economic crime? 11 12 23 13 What control measure(s) can the following parties of an organisation employ to manage fraud? - Top management 14 15 -The IT department 16 The ordinary employee

A 1 Do research and write a detailed report on the following points: 2 3 - Give the complete definition of fraud. 4 5 5 16 - After doing some research, choose an industry where fraud is regularly committed. Indicate who the parties that could be involved are, and specify the type of fraud they are likely to be involved in. - Choose a popular case where a person is known for having committed fraud. State what would be included in a portfolio of evidence of fraud against this person. - Search for a section in the Prevention of Organised Crime Act 121 of 1998, that governs fraud and state how it would be applicable in a selected business sector of your choice. - What legal recourse is available to employers when an employee has committed fraud? 7 8 - What are the most common economic crimes reported? 9 - Which industries are most affected by economic crime? 10 - What are the major trends in economic crime? 11 12 23 13 What control measure(s) can the following parties of an organisation employ to manage fraud? - Top management 14 15 -The IT department 16 The ordinary employee

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance

Section: Chapter Questions

Problem 12CYBK

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