Forensic Accounting

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ASSESSMENT # 10

Total Marks: 30

Fraud Prevention

Give short answers for the following questions: (24)

  • Outline the difference between policies and procedures.
  • Name some techniques that help increase the perception for detection.
  • How does internal audit help in fraud detection?
  • What is the commanding approach in fraud detection?
  • What is the difference between precautionary approach and detective approach? How are these approaches used for fraud detection?
  • Explain what the term ‘internal controls’ means. Name some internal control activities that organisations can adopt in order to prevent fraud activities

    • Discuss the important points that should be considered when developing fraud policy. (6)

    Requirements:

    • Use Havard format for citations and references

    • Marking Criteria: We expect the learners to write minimum one well expressed point in three lines against each allocated mark. This means one needs to write 15 lines with 5 well expressed points to get high grades for a 5 marks question with complete in-text citations and referencing

    • For high grades use examples and illustrations where appropriate.