Case Study 3

MCC
 Meet the Group

NIVEHTHA ELANGKOVAN ASHWIENI JAGATHEESAN TANGESWARY BALACHANDRAN NANTHINI GUNASAGARAN

EX03671 EX03654 EX03651 EX03648
 QUESTION 1
What are the critical issues in this case?
Q2 What are the weaknesses with the current bank’s
internal control?
 Q3

Explain the possible ways for preparing the report

on improvement and
recommendation to improve the bank’s current
issues.
 Collaboration and
Communication

Employee Training Strengthen

Internal Controls

Identify Control Conduct a Thorough

Gaps Investigation

Enhance Training
Provide regular and
comprehensive training sessions
on ethical behavior, internal
controls, and the importance of
maintaining integrity.
Internal Audits
Conduct regular internal audits to
identify weaknesses in the internal
control system. This will help in
uncovering potential loopholes
that might be exploited for
unethical activities.
Q4
Code of Ethics
Reiterate and emphasize the
bank's code of ethics in all
interactions. Make sure all
employees are aware of the code
and its importance in guiding their
behavior.
Ethics Committee
Set up an ethics committee to
oversee ethical practices,
investigate reported incidents, and
recommend corrective actions.
Leadership Role
Modeling
Leadership should set an example
by demonstrating ethical behavior
and integrity in their own actions.
Performance
Evaluation
Include adherence to ethical
practices as part of employee
performance evaluations and
reward employees who
consistently demonstrate integrity.
Thank You