AUDD213: AUDITING

GROUP ASSIGNMENT
FRAUD CASE (10%)

In recent years, both public and private sector entities have been challenged by the
internationalisation of business, by technological developments and by a generally harsh economic
climate. Though it may be conducted in a variety of ways, corporate fraud frequently is performed
by taking advantage of confidential information or access to sensitive assets and then leveraging
those assets for gain. The fraud is often hidden behind legitimate business practices or exchanges
to disguise the illicit activity. Multiple stakeholders involved in corporate fraud also allows for
elaborate fraud schemes to be protected by a group of complicit actors. Corporate fraud is
considered a white-collar crime.

Increasingly, a strong ‘corporate governance’ in corporations and public sector enterprises has
come to be seen as crucial to successfully facing these challenges. Good corporate governance
demands sound financial and operational control over the activities of entities, and a well-managed
internal audit department or unit, whose activities are strongly supported by both management and
staff, is the most effective tool to achieve this. Corporate fraud can be challenging to prevent and
tricky to catch. By creating effective policies, a system of checks and balances, and physical
security, a company may limit the extent to which fraud can take place.
REQUIRED:

1. Search articles/journals or any issues related to recent fraud cases in Malaysia or other countries.
2. Select only ONE (1) company involved in fraud scandal.
3. The outlines of your documents are as follows:
A. The fonts should be Times New Roman or Arial of size 12 with 1.5 line spacing.
B. Your assignments should not exceed 15 pages.
C. Justify the paragraph alignment.
D. Insert page number.
E. The cover page should include;
(a) Assignment topic (e.g. Fraud Case – Name of Company)
(b) Your name with ID
(c) Subject name and code
(d) Section
(e) Lecturer’s name
F. Table of content
G. The content of your project should be based on:
i. Introduction
ii. Company’s background
iii. Type of fraud and summary of the fraud case
iv. Main players – Who are they? The auditors? The fraudsters?
v. How they did it?
vi. How they got caught?
vii. Results of the fraud corporate investigation
viii. Conclusion

H. Any appendices and references must be indicated clearly.

Submission date is not later than 12 pm on 18th April 2022 (Monday)

 GROUP ASSIGNMENT
AUDD213: AUDITING
SEMESTER 2 2021/2022

TITLE:
FRAUD CASE – NAME OF COMPANY

PREPARED BY:
STUDENT’S NAME: STUDENT’S I/D:
1.
2.
3.
4.
5.
6.
7.

SECTION: 1M / 1MT / 2M
PREPARED FOR: LECTURER’S NAME
SUBMISSION DATE : 18 APRIL 2022
Example Table of Content:

NO. CONTENT PAGE

1.0 Introduction 1
1 1.1
1.2
2.0 Company’s background X
2 2.1 X
2.2 X
3.0 Type of fraud and summary of the fraud case X
3 3.1 X
3.2 X
4.0 Main players X
4 4.1 X
4.2 X
5.0 How they did it? X
5 5.1 X
5.2 X
6.0 Results of the fraud corporation investigation X
6 6.1 X
6.2 X
7 7.0 Appendices i