Case Studies

Our case studies contain analysis and discussion points for users to better understand the legal provisions. They also provide suggestions on how to prevent corruption, fraud and malpractices.

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All Areas of Concern

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All Areas of Concern


An assistant manager of a company accepted computer equipment from a sales manager of a computer hardware supplier for placing purchase orders with the latter.

Patrick was a financial controller of an information technology company planning to go public.  His bosses asked him to manipulate management accounting data and to reimburse expenses without any supporting document. The sponsor offered him valuable information after the engagement......   

 

Andrew was the chief accountant of a large trading company.  He discovered a number of fraudulent and corrupt activities involving senior sales representatives and their mainland clients and such activities were condoned by the senior management.   

 

Doris  is  an  account  manager  of  a  brokerage  company.    One  day,  a white-collar worker named Kelvin steps into her company with a request to open an account to deal in securities.   He tells Doris that, as he plans to study abroad next year, he wants his savings of one hundred thousand dollars to have a good return so that he can have enough money to reach his goal early.   He asks Doris in what products he should invest.  Doris persuades Kelvin to open a margin account to buy second-line stocks.   However, Doris doesn’t try to explain to Kelvin the difference between margin accounts and cash accounts, nor the risks involved in the former.

 

Hearing that the Hang Seng Index is dropping rapidly soon after the opening of the stock market, Kelvin calls Doris and places the order to immediately sell all the shares in his account.   Because Doris also receives many other "sell" orders from her large clients that morning, she sets aside Kelvin’s order and busily handles their transactions.   When Doris has time to eventually execute Kelvin’s order, Kelvin has already suffered a great financial loss.

Dr Y is a geriatrician of a public hospital.   Recently, he joined his friend to invest in an elderly home.  He was confident that this was a profitable business as he anticipated that there would be a huge growth of clientele due to the increased subsidy for the elderly care service by the government. However, totally against his expectation, their elderly home faced keen competition.   Apart from cutting lodging fees and improving the facilities, they were also trying hard to canvass customers from every possible source.   Dr Y himself even made use of the opportunity to promote the elderly home to his patients’ family members.   He agreed to give them a big discount if they sent their relatives to his elderly home after discharge from the hospital.


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