AHMAD ASYRAFF SYAHMI BIN MOHD NASIR

FAIZ IZZARUDIN BIN SHAMSUDIN

NURUL ASYIKIN BINTI ABD RAZAK
NUR ALYAA BINTI MOHD SHOLIHIN
NURULJANNATUL SYAHIRA BINTI MOHAMAD SUCHAH
Founder : Tan Sri Dato Mohd Yusof
bin Abdul Rahman, Tan Sri Dato Dr
Haji Abdullah bin Abdul Rahman,
and Mr Yeo Wee Siong
Established in 1994
Registered office located Petaling
Jaya, Malaysia.
Plastic injection components,
electronic and automotive parts,
3.5 multi-function disk (MF0) and
videotapes and investment holding
company
Subsidiaries : Memory Tech Sdn
Bhd (MTSB) and MJC (Singapore)
Pte Ltd
External auditor : KPMG
 Mr KH - Charged under section 122B (a)(bb), section
122C(c) of the Securities Industry Act 1983

1. RM 1,034.797 million reported in MMHB and its subsidiaries Financial Statements for
the year ended 30 April 2006
2. RM 230.365 million reported in MMHBs Quarterly Report on Consolidated Results for
the financial period ended 31 July 2006
3. RM 238.134 million reported in MMHBs Quarterly Report on Consolidated Results for
the financial period ended 31 October 2006
4. RM 306.15 million reported in MMHBs Quarterly Report on Consolidated Results for
the financial period ended 31 January 2007

Mr MA - Charged under section 122B (a)(bb), section

122(1) of the Securities Industry Act 1983 (SIA)

RM 306.15 million reported in MMHBs Quarterly Report on Consolidated Results for

the financial period ended 31 January 2007
 2015
MTSB & MJC (Singapore) Pte Ltd defaulted RM47 million payments to
bondholders

The subsidiaries made a transactions included a RM211 million

deposit paid for 13 production lines that could be fictitious.

Where in the results

The subsidiariess receivable totalling RM334.3mil and the assets

could potentially fall short by RM456mil.
PRESSURE OPPORTUNITY

RATIONALIZATION
 FINANCIAL Having some huge financial difficulty
Having a huge amount of debt
PRESSURE Unable to pay their debt on that year

Fear of losing job

NON-FINANCIAL Afraid on becoming bankruptcy
PRESSURE Trying to keep maintain their name and record
clean
 Know too much
High position in about company
organization & company
operation

Ability to
Ability to
manipulate
manipulate
financial
people
statement
 INTENTION ;

Doing for the good purpose, good sake, and

beneficiary to company

Want to attract investor to the company

Solve current financial situation faced by company

 NO !!
The internal auditor should :

Supervise Internal Control

Strengthen the internal control system reduce the risk management
Advisor
If there is any significant event that is opposite from standard
Communicate
The internal auditor should communicate with the BOD or Audit Committee
Assurance
The internal auditor assuring the safeguard of the companys assets
Implement Internal Controls:

Segregation of duties
Proper documentation

Establishing A Fraud Risk Assessment

Assists companys management and internal auditors to systematically

identify where and how fraud may occur.
key steps:
Identify relevant fraud risk factors.
Identify potential fraud schemes and prioritize them.
Map existing controls to potential fraud schemes and identify gaps.
Test operating effectiveness of fraud prevention and detection
controls.
Document and report of the fraud risk assessment.
Hire expert help:

Hire professional accountants and consultants to help the company.

Treat the employees well:

Appreciate the workers.

Provide a training for the employees.

Perform Regular (and Irregular) Audits:

Should have regular assessments, but random.

No uniformity in the revealing of corporate governance practices made
by financial institutions.

In the conclusion, Companies in Malaysia should practice ethical

conduct since a good reputation is valuable not just with customers but
when trying to hire top talent.

Illegal conduct can be extremely costly and good governance pays off
financially.