INTEGRATED CASE STUDY:

TO FIDDLE OR NOT TO FIDDLE

INTRODUCTION
YBLC Joint venture company
Ltd. 51% ownership by foreign
Located partner Contributed
at : fund for capital and
operational expenses
49% ownership by Antu
Township Government
Contributed land
 PPLC
Ltd.

YBLC
For exploit the pine Ltd.
timber resources in
North eastern China
YBLC foreign
partner sent
production engineer,
Malaysian marketing manager,
company purchasing
Lumber managers &
business financial controller
company Antu Township
Government sent
 ISSUE 1 :
CREBILITY / CROSS
CULTURE REFERENCES
MANAGEMENT

The accountant must

follow rules in order to
suggest the financial
statement are:
1. Factually correct
2. Do not contain any
RECOMMENDATION material misstatement
3. Fair implies
 ISSUE 2 :
BRIBERY

Section 198(1)(C) of
Company Act 2016, if the
person have been
convicted of an offence
involving bribery, fraud or
dishonesty it may
disqualified as director of
RECOMMENDATION the company
 ISSUE 3 :
ALTERING OF
STATEMENT PROFIT OR
LOSS

Professional accountant
must ensure to comply
with relevant law and
regulation and avoid any
action that the
professional accountant
know or should know may
RECOMMENDATION discredit the profession
 ISSUE 4 :
CONFLICT OF INTEREST

According to section 218

of companies act 2016, a
director or officer of the
company shall not without
the consent or ratification
of a general meeting
engage in business which
RECOMMENDATION is to gain directly or
indirectly a benefit for
himself
CONCLUSION
From this situation we can see, Ms Tee as a professional
accountant has made a decision not to fiddle the
statement of Profit and Loss account because she has
gave a true and fair view opinion of the fairs of the
company.