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Q & A Loopholes
LawLoopholesPrevention
 
1. Q:

Unclear OC budgets and accounts may lead to the follow crime: (choose the best option)

Q & A
 
Explanation
     
  A:
A. corruption
B. embezzlement
C. all of the above
2. Q:

What is wrong with Uncle Chuen, OC Chairman, to accept seafood meal offered by Mr Ho, the building property officer?

Q & A
 
Explanation
     
  A:
A. can easily give rise to suspicion or complaint about abuse of authority and favouritism
B. nothing wrong as it is a socially acceptable practice
C. seafood is not good for health
3. Q:

What may happen if Mr Lee, OC Treasurer, signs blank cheques as requested by Uncle Chuen, OC Chairman?

Q & A
 
Explanation
     
  A:
A. suspicion of actual misappropriation of funds
B. no problem as it is for convenience in case Mr Lee is not available
C. dishonour cheques
4. Q:

What is/are the drawback(s) if OCs do not put proper control on fees collection? (choose the best option)

Q & A
 
Explanation
     
  A:
A. collection of lower fees in return for personal gain
B. embezzlement
C. all of the above
5. Q:

What is the issue of concern over the relationship between Uncle Chuen, OC Chairman, and the accounting firm in which Uncle Chuen's cousin is working?

Q & A
 
Explanation
     
  A:
A. conflict of interest
B. deception as Uncle Chuen has stolen OC funds
C. professionalism of the accounting firm
 
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Q & A
LawLoopholesPrevention