FLAT CARGO BERHAD

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FLAT CARGO BERHAD by Mind Map: FLAT CARGO BERHAD

1. CAUSE OF PROBLEM

1.1. Pressure

1.2. Opportunity - Ability to do fraudulent act without being punish

1.3. Rationalisation

2. DECISION CRITERIA

2.1. Time consumption

2.2. Effectiveness of the Solution

2.3. Cost Incurred

2.4. Possibility for Fraud Commitment

2.5. Management Acceptability

2.6. Operational Acceptability

2.7. Stakeholder & Shareholder Concern

3. ALTERNATIVE SOLUTION

3.1. Work Culture

3.2. Create Hotline

3.3. Restructure BOD & Audit Committee

3.4. Creating Expectation of Punishment

3.5. Employ Anti-fraud Specialist

3.6. Comply MCCG

3.7. Fraud Prevention

3.8. Appointment of New External Auditor

3.9. Hire a third party to do bookeeping

4. STATEMENT OF PROBLEM

4.1. Accounting Fraud

4.2. Problematic of Audit Committee

4.3. Incompetence of the Auditors

4.4. Independent of audit committee and BOD

5. RECOMMENDATION

5.1. Integrity

5.2. Compliance of MCCG 2012

5.3. Antifraud Specialist