BAC4674 INTEGRATED CASE STUDY

TRI 3 2015/2016
Case Study 4
CASE ACTIVITY/ASSIGNMENT REQUIREMENTS

FLAT CARGO BERHAD AN AUDITORS CONUNDRUM

REQUIREMENTS
REPORT
Group
15 minutes presentation
+ written report

Write a report from Mr Chuah Mun Soong

to Mr Keong Chee Wah describing the
current situation and highlighting the
points of concern.

Group A

Provide the relevant analysis to back up

the report.
Present the report.
15 minutes presentation
+ written report

15 minutes presentation
+ written report

Write a report from Kencana & Associates

to the Board of Directors of the audit
findings and their implications to the audit
report for the annual report.
Present the report.
a)It is important to seek public confidence
in the accounting profession where its role
is to maintain the integrity of corporate
reporting. Discuss the possible effects of
FCBs fraud in this matter.
b)By the end of 2006, it was reported that
FCB had been involved in accounting
fraud that inflated its earnings for 2004 to
2006. In your opinion, should the auditors
be held responsible for not detecting the
misstatement earlier?

Group C

Group E

Present the report

ROLE PLAY
25 to 30 minutes +
materials for submission

There is a
between the
representative
and also a

meeting being conducted

Audit Committee and the
of Kencana & Associates
meeting between Audit

Group B

Committee with the Board of Director

regarding the issue.

25 to 30 minutes +
materials for submission

Conduct an investigation interview

between the Auditor with the relevance
auditees which can lead to the findings
whether the incident happen was under
fraud case or else.

Group D